xjo weekend zoomba lounge, page-60

yep, exactly 582,

An UpThrust and a Shakeout are mirror images of each other.

The VSA/Wyckoff definition of an Upthrust goes something like this...

"A Money making manoeuvre by professional traders to catch the stop's of those who are already short and encourage the unwary into going long.
The market is taken up, often on good news, then is intentionally moved lower.
High volume shows the professional's are also selling into the fall in price, Low volume show's their lack of interest in higher prices, at that point in time."

The reason behind the stop run, is because those traders who are already short, will need to cover at some time and would potentially thwart the professionals effort's to move it lower, and force them to absorb the buying.

The Shakeout is exactly the opposite.

So we end up having both a strong indication of Strength and Weakness on the Dollar Index Daily Futures chart, quite close to each other and only a few days apart.

Fair battle going on it seems.

One of them is likely to fail, which will bias the other heavily I reckon.

Or it could just go sideways, I guess

cheers