PEPE - This is why price explode - Speed Index Reading

There is always a reason why price explodes either true or fake. The criteria to look at are:
- Location - very important - where is the price locate - higher probability trades accomplished when the price leaves a significant location such us Fib, Sup/Res, AVWAP
- The volume waves - nothing moves without volume - sometimes is not so visible by the volume waves alone because they distribute or accumulate little by little, that's why we have Speed Index
- Reading Speed Index
- The proper entry signal

In the attached chart I will demonstrate how I read it using the above criteria (annotations are in sync with the chart):
1. Price entering Fib Area 50-61.8 - possibility of buyers to come in
2. Price touching AVWAP (three blue lines) coming from the bottom of a previous swing acting as resistance - another possibility of buyers to come in.
3. Speed Index 6.4, that's an abnormal speed index , that what I call first push up or PU, price never drops below the beginning of this wave
4. Speed Index 11.1, that's another abnormal speed index and that's what I call a hard to move down (HTMD) . What's happening here is that all the sell orders are absorbed by buy orders and price breaks on the up wave the origin of the HTMD wave.
5. Finally the entry Long with a PRL (Plutus Reversal Long) signal an up,up,up, we go!!!

I hope my years of work helps you out on reading charts!

Enjoy!