Wyckoff trading method, page-1188

Interesting chart HF, it took me a little while to get my head around it,

I would probably say that on a daily timeframe, it is in a complex sideways range, rather than up.

After looking at it for a while, I agree, it appears it wants to go up, although there will be some supply expected from the left as price moves past previous congestion, which may cause some difficulties along the way.  And when supply does come in, it does not mind slicing lower at all......

My daily bar looks a little different to yours, as mine shows both ASX and ChiX trading and volume, and although it is not a great example of a no supply or test bar, the volume was fairly low for sure (also note that for a brief period, price traded above the previous close, and suggested some no demand at that point as well).  Anyway, an upbar tomorrow would help to confirm todays bar, and also that price wants to accelerate away.....



cheers