weekend charting 16-17 july, page-187

  1. 598 Posts.
    TST,

    I ain't no VSA expert so you may want dg, Jako, Mitta or Funky's confirmation on this one.

    There's no need to rush into the first low volume test-like bar that you see. Don't forget that you're only five days past that potential supply contained in last week's Thursday and Friday's bars.

    As you noted, there is still potential supply hanging around as the last two bars have closed on their arse on high volume. Wait for the volume to really dry up(that may be two days to four weeks), before entering. Enter closest to the danger point on a bar after a test that has a slight increase in spread and volume to the test bar, and must close high.

    I was just as eager as you are...

    Cheers,

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