Beyond Candlesticks

Beyond Candlesticks

Seeing Inventory Across a Range

A practical way to identify inventory transfer.

Sierra Trading
Jun 03, 2026
∙ Paid

This post is part of our Market Depth & Liquidity series:

  1. What Market Depth Actually Represents.

  2. Liquidity Is Behavior, Not Size.

  3. Liquidity Only Matters In Context.

  4. Liquidity Is Conditional (And Often Disappears).

  5. Protective Liquidity and Reinforcement.

  6. Absorption, Failure, and Continuation.

  7. Liquidity Density and Market Tempo.

  8. Using Pulling and Stacking as a Proxy.

  9. Liquidity Shifts and Trapped Positions.

  10. Seeing Inventory Across a Range.

  11. Building a Narrative From Liquidity.

  12. A Practical Review of Liquidity In Action.

  13. When Depth Stops Being Useful.

  14. The Destination Matters.

  15. What Liquidity Taught Me About Markets.


Throughout this series, most of the discussion around liquidity has focused on participation, positioning, and inventory transfer.

The challenge is that many of these interactions do not occur within a single candle.

Large participants rarely build meaningful positions in one bar.

Absorption may occur over several minutes. An iceberg may continue filling across multiple rotations. A participant may quietly accumulate inventory throughout an entire balance area before the market finally moves away.

When viewed one footprint bar at a time, it can sometimes be difficult to appreciate the full scale of what occurred.

This is where one of my favorite tools becomes useful.

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