Wyckoff trading method, page-115

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    NWZ - early update
    15min to the close, and today's looks like it will close out as a narrow spread bar that has dipped lower during the day, recovered late in the session, and so far volume (and therefore selling pressure) is low.....which should end up being a lovely little test (of supply).

    There is a bit of a saying among some of the American VSA guys (and girls) I used to hear from online,
    and that was- "a test and a shakeout, equals a breakout"

    There was a mini shakeout yesterday, and a probable test today.

    Still 15mins to go though (anything could still happen......haha)

    More Later.....

    cheers
    Last edited by Jako8557: 06/01/16
 
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