My thoughts are ( very similar to you ) that supply was absorbed by the bar previous to your labelled bar and then by bar 1. Both of above average volume.
The subsequent bars have been narrower in spread and decreasing volume, indicating that supply at this level has been somewhat exhausted and has allowed the share to drift upwards in closing price.
- Forums
- General
- Wyckoff trading method
Wyckoff trading method, page-2675
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online