Wyckoff trading method, page-1606

  1. 93 Posts.
    Hi Jako.
    Re ASN. More than twice the volume on a little more range than the previous bar with higher close, taking a lot effort to punch through resistance. The expected behaviour after hitting the gas would be up. Expected unexpected behaviour would be a reversal/upthrust which if fails confirms an up trend, otherwise if unsupported a return to the trading range where traders get bored and sell back to the CM who doesn't like losing control.
    The proper Wyckoff approach would be a test of the creek on lower volume — perhaps a consolidation or hinge, then looking for springs in an uptrend.
    Last edited by Incongruous: 27/03/17
 
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