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high volume test = buying/support/accumulation they often...

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Jako8557

16,642 Posts.

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09/12/16

08:20

Post #: 21216893
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Originally posted by Hold Fast ↑

Follow up on this list gave me MDC, potential test was followed by a shakeout that appears to have acted as a spring as well, SOS

Effort/Reward bar SCO responded really well yesterday closing at resistance.

And AAC appears to be building for a weekly Effort /Reward bar

Quick post before hitting the tools in the rain this morning, not much time to mark them up but found these of most interest, @Jako64 if it closes similar or a bit higher today AAC looks like a high volume test on the weekly, what is the significance of this as it looks strong and filled with absorption.
Cheers, have a great day, HF

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high volume test = buying/support/accumulation

they often confirm by closing higher next bar, then come back and test a second time and find much lower volume (although not always).

cheers
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