Wyckoff trading method, page-1737

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    Happy Easter Jako

    Just ran off your charts as on the iPhone but would include another resistance line at the high of those bars as a resistance area

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    My thoughts

    ST next bar down to check for any more hidden supply with chart showing strength in background

    ...last 3 bars
    1st test on very low volume (no real selling pressure)
    2nd wide spread up bar on average volume (selling came in but bulls won)
    3rd upthrust on high volume (selling came in and I would say buyers absorbed)

    Next bar down (probably to the low or 3/4 low of the 2nd last bar) to test for more supply before up to test the overhead resistance area

    Diesel...
 
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