Cheers Tim, yes it does a bit to get your head around it but its certainly worth it, also throw into the mix all the principles of Mr Wyckoff, makes it so much clearer, use his findings as the framework for all your analysis
ndl,
"...you were saying last monday we got exactly the same bar but went up the day after, why you reckon the next bar (tomorrow onwards) would be down? any possiblity for a repetition.."
its the simple rule that high volumes (areas) need to be tested successfully and they quite often do sooner or later, not always but it creates a stronger trend if done
this may take abt a week imo for it to become clearer of what makeup these last 3bars are
cheers m87
......
I've done up yet :( another chart of something to keep in mind of where we are at present regarding all these high volumes of late, which are always a concern
Hopefully all turns out for the better and the FA fibes atm take us away from this area.
P.S. please dont shoot the messenger :)
LYC Price at posting:
$1.02 Sentiment: None Disclosure: Held
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