Just re-read a bit of this thread, and made a note to myself, that I have to be more clear what I am talking about at times......
Sometimes my brain is going pretty fast when I am writing a post, and my two finger typing is flat out keeping up (even though I am pretty quick), so at times it comes out less than perfectly clear.
Anyway, I just wanted to add a little to that last post about the last low pivot.
The same thing appears to ring true for the last high pivot.
When price accelerates up above the last high pivot, it will often appear as (mini) breakout, even within a sideways trading range.
(In VSA and Wyckoff analysis the 'signs of strength' are often the exact upside down opposite of the 'signs of weakness' eg- a shakeout is the exact upside down opposite of an upthrust, and a test or no supply bar is the exact upside down opposite of the no demand bar....and so the above example about the last low pivot suggesting a potential price breakdown, is the exact upside down opposite of the last high pivot inferring a potential mini breakout)
cheers
- Forums
- General
- Wyckoff trading method
Wyckoff trading method, page-1413
-
- There are more pages in this discussion • 1,046 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online