This chart starts with a up bar wide spread with volume ultra high that closes at the top with the next bar up, so there is certain demand in the market, previous that the price go down three bars and the first two test this up bar with climatic volume, after that, the price go up in a reaction of the demand in the market, shows a up-thrust followed by a test with...
A: This is the start of the accumulation, this bar marks where the professionals shows their true intentions. This is a down bar wide spread closing at the lows with ultra high volume, this bar by his own shows demand, because a ultra high volume seen in a down bar always contain a lot of supply, so, in order to confirm that we need a next bar up. I mark the high...
Well, in the long therm we are still in a down trend, and the price is approaching a resistency line of this down channel, this is the background that we need to analyse too.
Two bars has a big impact in this chart, the first one is the up bar ultra wide spread with ultra high volume seen back to 08/26 at the 13:00pm, this up bar breakout all of the previous tops...
15. Shake out: A wide spreade bar closing at the middle of the bar with high volume, this bar shake out all the weak holders after the down trend, and it is confirmed with the next up bar.
16. Supply coming in: A wide spread up bar closing near the lows with high volume, this bar mark where is the supply at this level. It is not confirmed because the next bar is...
1. Possible climatic action: Wide spread down bar closin in the middle with ultra high volume, in a zone of previous strenght (look how the market test the support of the channel before this bar). This bar is confirmed by 2, but, it still need a test or another SOS because the volume seen in 2 is too high and of course it contains supply.
2. Stopping volume: A...
1. Stopping volume: The previous bar is a down bar closing at the lows of the bar with high volume, what this means? possible selling, but, look how the next bar respons, high spread bar, closing at or near the highs with greater volume, so, if the previous bar was a weak bar, why the market didnt go down? The next bar is a up bar with not excesive volume, so, it...
1. Supply coming in: up bar wide spread with high-ultra high volume closing off the highs of the bar follow by a down bar that confirms this weakness (2).
3. No demand bar: up bar with average-wide spread closing off the highs with less volume than the previous 3 bars, this signal needs to be confirmed with a down bar.
4. Trap up move: down bar with super wide...
