Day Trader’s Aftermarket Lounge 18 May 2020, page-61

This is terrific @Jnnl. Thanks!

I'm keen to better understand WHEN (on which candles specifically) to apply tests of No Demand (or No Supply).

If you're interested, I have been also chatting to @Cabbie on "No Demand" (post 44669336 which includes a video link) and he's kindly given his view in this thread above.

Are the following statements true of your analysis (assuming we're considering a LONG entry).
I'm basically trying to establish a rules-based recipe for both knowing WHEN to apply the test for ND and then applying the ND test itself.

1. You test for No Demand (ND) only after Distribution (or even, Markdown) has been established to be in effect?

2. Your ND test is always assessed over several candles - never just a single candle. Indeed, it sometimes may take more than two candles to confirm.

3. The trigger for applying the ND test is that price is arrived to the breakout line on somewhat increased volume ??WITH NO SIGNIFICANT SUPPLY BEING PRESENT??? (this part I'm not sure on: I think "no demand" is a concept that is to be tested in the absence of supply)

4. If the next one or two candles do not bring breakout and big volume, then your "no demand?" question kicks in

5. a red candle close below the "no demand?" candle confirms No Demand

Sorry that this is long. I'm keen to understand to get "No Demand" right. Thanks if you chose to answer