Afternoon trading April 1, page-104

  1. 6,370 Posts.
    lightbulb Created with Sketch. 10
    im saying use it as a guide .

    the important bit is the "low test into the area of resistance".

    it wont be a perfect scenario like in the books.

    so dont get hung up on the detail of the size of wick, tail and body in the test for supply scenario.

    if it fails the test then there is more supply the price will normally come back.


    "watch for the TOTAL (red AND green vol candles)"
    u want to see shallow volume on red candles and bigger volume on green candles with a good spread .

    hope it makes sense.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.