Just wanted to share an awesome post from Wyckoff Chartist @Hold Fast on STT last night......would be nice to see some more off screen buying today because no one is showing their cards on it atm Post #:20184650
Hi Spec, thanks, yep I am focusing my training on Wyckoff/VSA, definately still a white belt though compared to some if the Jedis out there, please always feel free to comment or correct anything unusual.
AHZ recently highest volume ever, literally off the chart here on the 120 min, as I needed to show changes in smaller volume, yet failed to reach previous high recently reached on much lower volume, something fishy there?
2 Hourly shows the most recent rise in more detail, initial rise gapping up on ultra high volume and following a successful test rising to 55c before a reversal of this last upbar, following 'signs of weakness' took SP back to successfully test HV upbar (Confirmed test in another TF but also obvious here) and old resistance now gave new support, this was a perfect opportunity to break down but weakness failed to take advantage. Sideways movement on lower and lower volume saw supply dry up over last couple of days and gave the opportunity for another successful test of support with the last bar closing on high above breakdown bar 12 bars back.
While still vulnerable here, opportunity to breakdown twice not taken advantage of shows strength which should give some support moving forward....
Daily below shows ultra high volume and comparison to previous rise, something doesn't add up with the differences in volumes and similar spreads, the fact that it's being supported is telling. I've filled the gap on the first bar to show the true spread and shown points where SP has reacted to Support /Resistance.
AHZ Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
