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Wyckoff trading method, page-403

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Zandaya

2,953 Posts.

33

19/02/16

19:07

Post #: 17068994
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Originally posted by Jako64 ↑

Thanks guys, I'll put up something either later tonight, or early tomorrow (probably later tonight), in case anyone else would still like to respond.

just a quick couple of note's about that second bar though-
a 'generic' test is described as= narrow spread down bar, closing mid to high, on low volume.
so where is says 'down bar' it means that it closes lower, 'close to close',
or it at least shows that most of the trading was down below the close of the previous bar (the majority of the body is below the previous close).
(its OK everyone finds tests difficult to begin with, I have added it to my list of 'further explanations', which I might do over the weekend if I have time)

and yes, it does look a bit like an upthrust, however you should also include the gap, so imagine it is also there (I will sort of show the gap when I post later)

cheers

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Thanks Jako, got a shite load of studying up planned over the weekend, looking forward to your interpretation.
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