Wyckoff trading method, page-1262

  1. 3,646 Posts.
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    Just purely looking at your weekly chart the last bar could also be a no demand for higher prices bar (ATM) as the week is unfinished

    The bar before shows it was bought up on volume but supply also came in to close mid bar and dampen people's spirits which could send it to a support line (to suck up supply from weak hands who give up)

    From the July ultra large volume it has been forming higher highs higher lows ...so I would be drawing a diagonal channel under the lows from that ultra large volume bar

    @Jako64 ...you are a gentleman and a legend always willing to help out !

    Happy trading all

    Diesel...
 
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