weekend charting 16-17 july, page-177

I hope this upload works - saves you guys having to click the link each time!

Here's my attempt at indepth VSA at the ANZ chart - is that around the mark guys?

I hope I haven't read it wrong.

I'd want to see it clear the potential supply from the high volume up bar as marked.

The most recent gap ups have been on low volume as well which worries me a bit because of the downtrend (although we have seen strength coming in recently).

PS guys, in Master the Markets, it says an upthrust should close on the lows, this isn't always the case right? A low volume up bar peaking into the highs after seeing potential weakness would be considered an upthrust?

Also it mentions selling climax's are accompanied by narrow spreads - does this always have to be the case or is the book more of a 'guide'?

Cheers in advance - all the best.


Cheers