Wyckoff trading method, page-594

I pinched these charts from mitta for PSF. They are the intra day and daily. Looked at in isolation I can see how you might read these charts differently, and I guess these are a perfect example of viewing the charts for a stock in multiple time frames to see if the story lines up.

The intra day looks bullish to me in that mitta has highlighted supply above with the red rectangle and strength with the grey triangle.


So my take would be to buy in the grey zone and sell in the red zone.

But if you look at the daily chart it looks totally bearish with the latest candle closing, it looks like, more than 50% inside the previous day's dominant white candle.



Cheers
LTA