Roocus,
1) what about demand volume?
There are a couple of no demand up bars there but remember more weight is given to stronger bars in an uptrend...
2) Wouldn't supply volume decrease as SP increases?
Not always, and this is a key feature of using VSA.
Always searching for weakness in the bars, the fact that supply volume is dropping is a bullish sign...
3) Does that gap in October bother anyone?
I regard the gap as a bullish move, it shows sm marking up prices through previous supply zones...
However a gap down I would consider bearish, and would show no support from sm...
I realise regarding gaps this is contrary to traditional charting and I am not saying I am right or wrong, but I don't expect this gap to be filled...
I would say johnnyd9, and Erichmj would have a different view of gaps...
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ggp charting the breakout..., page-98
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