TGUAN - possible end of retracement?
VSA/Weiss wave analysis :
TGUAN showing
1) high volume activity on the bars with long lower wicks (green arrows), possibly indicating active buying.
2) This is followed by No Supply bar (a down bar with volume lesser than the previous 2 bars {red arrow}, showing possible no selling interest to bring the price down.
3) On Weiss Wave indicator, there is successive reduction in volume in the consecutive downmove, posibbly indicating lesser selling interest as well.
I'm looking for ward for price to rise till the previous major swing high.
TGUAN showing
1) high volume activity on the bars with long lower wicks (green arrows), possibly indicating active buying.
2) This is followed by No Supply bar (a down bar with volume lesser than the previous 2 bars {red arrow}, showing possible no selling interest to bring the price down.
3) On Weiss Wave indicator, there is successive reduction in volume in the consecutive downmove, posibbly indicating lesser selling interest as well.
I'm looking for ward for price to rise till the previous major swing high.