"Shortening of the thrust" in the green down arrows - means downtrend is finishing.
Compare -dont' know?
PSV- Potential Supply Volume? Meaning that supply volume is still there- because there is high volume on the down-bar low
ND no demand
Testing - again for supply volume at the lows, to see if any more sellers.
Last bar is High volume up bar closing on high and closing at S/R line
Where to from here??? I f supply volume is still there on 21/12 and was tested on low volume 29/12
and then rose higher on the last bar on high vol.
...then that is a successful test that there is no more supply volume - so prices can now rise -first stop hits resistance- now what?
All sounds great according to VSA analysis- except I was the one selling into .039, .038, .037 on the 29/12 which was not testing for supply- unless of unconsciously - which has more power.
