Ask
Volume Profile Analysis glossary · Auction Theory & Market Profile (TPO)
Definition
The price at which the market is willing to sell an instrument to the buyer. The higher of the two quoted prices in a bid/ask pair.
Ask in plain English
The ask is the price a seller will accept right now if you want to buy immediately — it's the "you can have it for this much" price. Every instrument shows two prices at once: the bid (what buyers offer) and the ask (what sellers want), and the ask is always the higher of the two. It's exactly like a shop where the sticker price (ask) is a bit above what a customer would offer to pay (bid); to buy on the spot, you pay the ask.
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