weekend charting 16-17 july, page-180

  1. 19,112 Posts.
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    TST,

    When describing the spread of the bar, are you looking at the Open to the Close ??

    VSA does not use the Opening price at all.

    The spread is from the Low to the High of the Bar, it's Price Range for the day (or whatever timeframe you are looking at)

    Also, absorbtion volume is absorbing supply from the left, usually trapped holders who are looking to get out of a bad position, when the share price starts rising up and is making higher highs.

    In this case the smart money must absorb this supply (people selling to get out) to allow the Share Price to move higher.

    I will have a further look later to night, if no one else does.

    keep working at it, you will get it, your charts looks a lot like mine did when I started learning VSA.

    cheers
 
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