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TradeTheVolumeWaves
May 18, 2023 10:41 AM

AUDNZD - Effort vs Result Wyckoff Concept explained - Long Long

Australian Dollar/New Zealand DollarFXCM

Description

Every chart has a story to say and this is the story of this one:
  • Hit Support
  • First Huge Buying wave
  • Going Back to Support
  • Abnormal Speed Index Numbers= HTMD(Hard to Move Down) (Effort vs Result concept) this is where the big guys are absorbing all the sell orders with buy orders.
  • Finally the last fake moves down with Low Speed Index = Fast Fake
  • ....and up we go!


Enjoy!
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