OK here it is.... and yes both @Zandaya & @nickd both knew the first bar showed support of some type.
And yes, it was possibly stopping volume, but rather than debate whether that was the correct name or if it was "strength coming in' or some other named bar.
Let's just say it showed decent strength, and it may be enough to switch the background sentiment from weak (after that strong selling we saw a few weeks ago), to strong again.
Anyway,
firstly on bar #1, price sliced down with a widespread, accelerating lower, and possibly stretching lower to look for support.
Note- the close is well off the eventual lows, which suggests that buying/support/accumulation may have arrived.
And this (buying) was confirmed with the next bar closing higher.
and the daily, to look inside that widespread down bar on the weekly, with a plethora of notes...... hopefully not too many, and you guys can follow what I am on about..... Let me know if it is too confusing.
cheers
- Forums
- General
- Wyckoff trading method
OK here it is.... and yes both @Zandaya & @nickd both knew the...
-
- There are more pages in this discussion • 2,054 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
NXD
NEXTED GROUP LIMITED
Nick Poll, Managing Director
Nick Poll
Managing Director
SPONSORED BY The Market Online