Glossary · U
What is Unfinished auction?
An auction that has not completed in one direction, seen as a poor high or low on a session profile, or as non-zero trading on both sides at a footprint bar's extreme.
In context
The opposite case is a poor high or poor low: an extreme with no tail. The profile is "flat" at the edge. For example, several periods traded at the exact same high price without price going higher and being rejected. This suggests the auction in that direction did not reach a conclusion: buyers became tired, rather than being pushed back by strong sellers. This is also called an unfinished auction.
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