where to from here?, page-164

Just had a look bungi,

There is only one type of Up Bar on very high volume that is bullish.

That is when the Pro's are prepared to absorb supply from the left (like a previous high, where there are trapped holders who bought at a higher prices during the previous high and when the shareprice fell, they were locked into a bad position)

This COULD be the situation here (as there is a previous high at this level), so the next bar or two will give you the probable direction.

If tomorrow is down (or a weak bar) they are likely to be selling.

If tomorrow is up or a test, they may be absorbing supply in anticipation of higher prices.

cheers

also sorry for derailing the AGO thread, but I needed to add that.