Wyckoff trading method, page-956

  1. 16,642 Posts.
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    Yep, they are all correct,
    the first one was a downbar which drew out strong supply, and the narrow spread suggests that all that supply was absorbed, or bought, and the response on the next bar as to accelerate higher.
    The second one was a test book test, and received quite a good response for a couple of bars.
    The third is a failed test.
    And the fourth was an attempted test, however there was a muted response, probably due to the the failed test immediately behind it, which was exerting a more negative influence on the chart at that point in time.

    cheers
 
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