YoungAnalyst
Long

After two tests, long entry on TC (for aggressive traders)

NYSE:TC   THOMPSON CREEK METALS CO INC COM
68 0 0
1 - Sign of strength: Ultra high volume on down bar that close in the middle and the next candle is up
2 - Lack of selling pressure (very low volume on down candle)
3 - Long spread candle on high volume that closes near its highs: effort to rise
4 - Sign of weakness: ultra high volume candle that closes off its highs and the next candle is down. There still are sellers at these prices
5 - Here we have a confirmation of a test but there still is weakness in the background and the next candle is down on increasing volume
6 - Strength comes back: increasing volume with decreasing prices (selling climax). The next candle close at the same level and the following closes up on increasing volume . There must be buying activity here
8 - Test of supply confirmed by next candle
9 - Again. test of supply confirmed
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