"...I often notice that the VSA "Club" often talk about the need for a test of the August 9 low.."
Red, if you include me in the 'club', I'd have to disagree with it requiring to test the 09Aug lows, rather just waiting for it to shows it hands atm in which direction they'll lead us
one thing also isnot sure why your looking at a line chart for, to justify that the lows have been tested on less volume (which imo have not cause of the supply seen there), why not use as Wyckoff would and use a bar chart WITH volume included,
but not to worry, good to see you've been studying the principles, btw I'll be doing up another big post on the weekend, this time going into detail about what's involved and what's happening inside a 'redistribution phase', and that will be over on that XJO Wykcoff thread started the other day, please I hope your got time to comment and add
also if you like your welcome to our weekend virtual session, I think the doc is dropping by, one thing though so not to upset the other particpants is not too many questions first up, some of them can get upset
cheers
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