Wyckoff trading method, page-762

  1. 3,285 Posts.
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    Hi Jako,

    Been looking at this chart from a VSA perspective and I'm struggling with establishing an entry.
    I notice that today's bar has gone below support level on an increase in volume but ended the day closing high on the bar above the support level. Do I interpret this as a sign of strength or must I wait for tomorrows trading to show a close above 42c?
    Closing above 42c would confirm today's bar contained support buying?
    When should I be making an entry? Do I need to wait for a test bar to present itself? 2016-05-18 18_56_01-ProfitSource - [Chart - CASH CONVERTERS INTERNATIONAL ORD (Daily)].png
 
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