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dampol
Aug 15, 2017 4:53 PM

Potential Buying Climax Weakness Coming Short

Description

Ultra High Volume very Wide spread up bar closing at middle next bar confirms weakness at recent up movement. Potential Selling coming.
Comments
AnkyAnky
It will go down ??
dampol
@AnkyAnky, if price action remains bellow 165, change in behavior and test of area on up bar low volume or up bar on high volume will confirm the weakness.
AnkyAnky
@dampol, thank for rply
dampol
@AnkyAnky, my pleasure buddy. remember test of that price level next bar should confirm the weakness . I mean up bar narrow spread usually closing at middle (no demand) next bar should be down. other gral case is up bar on high volume (if rejected close at middle-near low better) and next bar should also be down bar to confirm weakness. happy trading pal.
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