Which of the two examples shows more buy activity?
You can see the increase in volume and the demand wicks. Look for increases in volume with wick expansion at support/fib and EMA.
Think of technical analysis broken down into manageable pieces.
- Trend analysis
Direction, trend condition, relationship to at least 1-2 time frames above. Elliot wave is one area but there are others.
- range analysis
Accumulation, re-accumulation, distribution, re-distribution. Patten analysis. Richard Wyckoff and Tom Williams are two of the original masters of supply and demand trading.
- candle analysis
VSA, Price action. Range and candle analysis on teh 5 or 15 minute. Candle and range analysis useful for pinpointing entry (no-supply/no-demand).
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
You can see the increase in volume and the demand wicks. Look for increases in volume with wick expansion at support/fib and EMA.
Think of technical analysis broken down into manageable pieces.
- Trend analysis
Direction, trend condition, relationship to at least 1-2 time frames above. Elliot wave is one area but there are others.
- range analysis
Accumulation, re-accumulation, distribution, re-distribution. Patten analysis. Richard Wyckoff and Tom Williams are two of the original masters of supply and demand trading.
- candle analysis
VSA, Price action. Range and candle analysis on teh 5 or 15 minute. Candle and range analysis useful for pinpointing entry (no-supply/no-demand).
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)