TheShakeOut

Euro still dominated by supply

CME:E61!   Euro Futures
The chart tells a story and the story unfolds bar by bar.
See next bar's analysis here:
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numbers 7 and 10 are wrong. There is demand on both of them
-1 Reply
IvanLabrie PRO vlad.adrian
VSA analysis says his number 10 is a no demand bar...that's what's he's using I believe.
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IvanLabrie PRO IvanLabrie
Using this, which is based on the close position in currencies which are 24/7 markets isn't that effective I believe. Maybe with weekly bars...
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number 10 is an indecision bar with low volume and a tight range. number 10 is not a 'no demand bar'
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IvanLabrie PRO vlad.adrian
It's a super low volume and range up bar...vol might not be 100% accurately lower than past 2 bars, but the result is the same. No demand to me.
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IvanLabrie PRO IvanLabrie
snapshot
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IvanLabrie PRO IvanLabrie
Bar 13 is a failed sign of strength too...confirming weakness.
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I'm using VSA and Wyckoff analysis.
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There is a lot of weakness in this chart but I'm waiting for a confirmed No Demand bar at or below the level of the last possible climax. That will be a high probability trade.
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