This video explains the Hard to Move Down Concept or the Effort vs. Result concept using Speed index.
The move was not the news it was buying on the previous down waves!!! The result 134 pips so far.
Enjoy!
Learn To read and Trade any Market!
Every chart has a story to say and this is the story of this one:
Hit Support
First Huge Buying wave
Going Back to Support
Abnormal Speed Index Numbers= HTMD(Hard to Move Down) (Effort vs Result concept) this is where the big guys are absorbing all the sell orders with buy orders.
Finally the last fake moves down with Low Speed Index = Fast Fake
....and up...
