Every chart has a story to say and this is the story of this one.
The Story:
Hitting Support with a very large down volume wave. Remember that on large down waves at bottoms there are usually buyers in there.
Largest up volume wave after very long time - This is buying little by little and absorbing all the sell orders with buy orders. Abnormal SI of 24.0 which is probably their first Push
Then another Abnormal SI of 21.1 on the down wave, that's a HTMD wave (hard to move down)
Finally Plutus comes a PRL long signal
....but to confirm the logic I will wave this resistance line to be broken because we could start ranging for a while.
Enjoy!
Learn to read and trade any market!
The Story:
Hitting Support with a very large down volume wave. Remember that on large down waves at bottoms there are usually buyers in there.
Largest up volume wave after very long time - This is buying little by little and absorbing all the sell orders with buy orders. Abnormal SI of 24.0 which is probably their first Push
Then another Abnormal SI of 21.1 on the down wave, that's a HTMD wave (hard to move down)
Finally Plutus comes a PRL long signal
....but to confirm the logic I will wave this resistance line to be broken because we could start ranging for a while.
Enjoy!
Learn to read and trade any market!
Contact:info@tradethevolumeswaves.com
Site: www.tradethevolumewaves.com
Site: www.tradethevolumewaves.com