So are the tests working the same way in the downtrend as the uptrend except reversed, small spread up bar finishing mid to low with majority of bar trading higher than previous close? Not sure if you can see your previous attachment here but week 5 in the downtrend would be as described except it only just closed red?
In here you've described this as a bar showing no demand which was confirmed the next week, and I'm not questioning this at all but would this bar be considered a no supply bar showing strength in an uptrend and conversely a no demand bar showing weakness in a downtrend or strong weakness in background?
- Forums
- General
- Wyckoff trading method
Wyckoff trading method, page-957
-
- There are more pages in this discussion • 1,502 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)