the hard grind begins again

Updated chart for anyone that's interested.

Well once again it's looking as though that No1. bar (the only saving grace) of potential absorption volume was in fact their ever so successful cruel trick of hidden selling.

It most often takes a long while for us to confirm that it is absorption, most times its quiet sneaky until it busts higher. But once again on this ocassion it appears abt to fail, the only way to hold is for it over say the next 2days to do something like a 2bar reversal and get back higher than the lows of No1.

An aggressive entry could've been taken the day before the big jump at 50cents, as mentioned elsewhere it was sitting at good support, with (the most important thing) that potential strength (02Apr) bar in the background.

All one needed was confirmation of that potential strength for an entry, and a No supply bar appeared on the Thursday with that Friday standing up proud... Same goes for the reverse, simply need confirmation of a potential sign of weakness for an entry or close of your long trade. ie. no demand bars etc.

No2. bar could've been taken also as an aggressive entry or as the price moved higher than it, with worrying signs beginning to show at No3. and very bad signs at No.4. Note how they both decreased in both volume and spread and closed middle of bar.

An exit from any ST long positions would've taken place at say the break of the lows of No4. and/or a short position taken with trailing stop at the highs of No4.

Now back to No1. bar (the saving grace), all that was needed to prove it was absorption was to see signs of bullish activity... After that weakness was spotted it then returned to the top of No1, now show us some testing, well almost, No5. was the closest thing but immediately failed with any follow thru that next bar (like an upthrust, which could've taken out any nervous shorts), before eventually breaking into the spread of No1.

Now, lastly (time is running out) we needed for it to do the same at the lows of N01. but it once again failed to show any testing, No6 was a little tricky not knowing cause of the quiet day of the week.

This part of the camp only takes trades after confirmation, of either, No supply/testing or No demand bars when they appear, AFTER, either potential SOW or SOS appearing in the background. The long search continues.