Yes I noticed that myself @barret81 , good pick up.
There is a much narrower spread, on far greater volume, there must have been some buying or support within this bar (compared to the previous bar).
(just remember that there was also a serious amount of supply at the same time, so further short term volatility should be expected, also the most consistent entries come at the edges of trading ranges, on low volume or no supply)
That said, a smart and nimble trader may be able to take advantage of that potential buying or support in the shorter term.
However, I will watch for a while longer, and see if there is a longer swing type set up.
On my chart below, I showed the true range of today's bar which includes the gap down today (shown with the hollow portion of the downbar).
This allows you to properly see what the actual bar should look like.
cheers
- Forums
- General
- Wyckoff trading method
Yes I noticed that myself @barret81 , good pick up. There is a...
-
- There are more pages in this discussion • 1,321 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