I understand the basics of how level 2 works. My question is not when to buy or sale and at what price based on what price the wall of buyers or wall of sellers are buying and selling at. My question is how do you read the level 2 during volatile times? The numbers change extremely rapidly and even when a wall does present itself it is gone just as fast. What then is the best way to train yourself to determine market direction based on level 2 during volatile times? How do you look at the level 2 in order to recognize, understand, and interpret that data when it moves so quickly? Is there practical application for the level 2 when the market is running or falling?
