The chart tells a story and the story unfolds bar by bar.
NOTE: This chart has a correction on the analysis of bar 41. The close on the middle of the bar shows weakness, however it is responding to the strength of the previous two bars (39 and 40) with increasing volume but not excesive. Remember that high quality supply will appear on high volume up bars and bar 41 is not the case.
NOTE: This chart has a correction on the analysis of bar 41. The close on the middle of the bar shows weakness, however it is responding to the strength of the previous two bars (39 and 40) with increasing volume but not excesive. Remember that high quality supply will appear on high volume up bars and bar 41 is not the case.
