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Wyckoff trading method, page-572

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gamefisherman

3,651 Posts.

69

15/03/16

18:28

Post #: 17281673
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Originally posted by Jako64 ↑

I did have a quick look at jims chart, but I struggle with candlestick charts, so I was going to have a closer look at the bar chart later before commenting too much. And I need to have some lines of potential support and resistance on the chart as well, so the story of the price action can better be seen....and hopefully it also makes more sense.

I also note that the high volume downbar marked on the chart, which I guess was the crux of the shorting theory, had an up bar following it (I think - it is a candlestick), which (if all that volume was traded 'on market', and wasn't an 'off market' block trade or something similar) suggested some support was also found within that downbar (it wasn't ALL supply, is what I mean.... otherwise how could the next bar be sharply higher....).

more later....

cheers

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Hi Jako

Hope you had a good day. Perhaps if you could invite jimm into your post he might get your response. To be frank I had trouble reading it.

Cheers
GF
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