Recent example of demand/buying/accumulation. Price enters new low ground and/or tests support and there is a notable increase in volume, volume that stands out. Also note the spread of the candle and how high it closed off of the low.
New low ground
increase in volume
closes above to way above the low
subsequent candle closes up (green candle)
When seeing that kind of reaction into new low ground or untested territory SM is likely beginning its accumulation cycle.
You can see the result of this buying in the current chart. Finding the area where SM switches to mark-up is what its all about... tricky to do. Takes practice. But they are there if you know where to look and are awake when it happens.
Refer to Wyckoff
Tom Williams
New low ground
increase in volume
closes above to way above the low
subsequent candle closes up (green candle)
When seeing that kind of reaction into new low ground or untested territory SM is likely beginning its accumulation cycle.
You can see the result of this buying in the current chart. Finding the area where SM switches to mark-up is what its all about... tricky to do. Takes practice. But they are there if you know where to look and are awake when it happens.
Refer to Wyckoff
Tom Williams