Current TR is at 15 days.
Quite high stopping action/climax. Currently in the center of the range here. Waiting for another test of the channel axis and where the RSI is located once price retests the axis or tests S or R.
Multiple supports below if it is to break to the down side.. We have seen it in the past where price fakes everyone out to the downside, hits a previous support where the bots absorb all the stops and panic sellers which then creating very high stopping volume thus aggressively pushing price back through to the supply side and where whoever was shaken out by the fake out is left wondering what just happened... Ive been there.
Target the extremes of the range. Fish from the edges of the lake, not the center.
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)
Quite high stopping action/climax. Currently in the center of the range here. Waiting for another test of the channel axis and where the RSI is located once price retests the axis or tests S or R.
Multiple supports below if it is to break to the down side.. We have seen it in the past where price fakes everyone out to the downside, hits a previous support where the bots absorb all the stops and panic sellers which then creating very high stopping volume thus aggressively pushing price back through to the supply side and where whoever was shaken out by the fake out is left wondering what just happened... Ive been there.
Target the extremes of the range. Fish from the edges of the lake, not the center.
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)