Wyckoff trading method, page-833

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    Well it can't be a VSA style test bar, as they are down bars, or at least show most of their trading as downbars.
    However, that may just be a jargon thing........ but I think I understand what you mean.......

    I would see the higher probability being that this bar (candle) it is an absorption type bar.
    One where price initially accelerates higher, and absorbs some supply above the resistance level, then it is left unsupported for the remained of the period of the bar (candle), and so it closes poorly.
    I see this type of bar quite regularly now (perhaps it is a relatively new thing, as it is not part of VSA or Wyckoff officially), and the poor close is potentially engineered to flip out some of the day traders and momentum traders.

    On that chart in particular, I would normally expect price to quickly move higher which has not happened yet (that is of some concern), however the next two bars have come back on reducing volumes, so that is OK, but a decent upbar in response should come very soon, otherwise I would stand aside and see what does actually happen (even if I miss the entry altogether), in case it shakes out before moving higher.

    cheers
 
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