Am struggling to get a handle on PA movements at the moment. What's confusing me is the massive volumes traded last Tuesday on GY, AY and EU.
Look at this 4hr chart. Shows the huge increase in volume coinciding with a reasonably short price bar. Signifies lots of buying AND selling. We then went up, but importantly, we have reached the previous high volume level at 148.30. We've now bounced off it a couple of times.
A similar pattern emerged with EY, AY and EU and they have all broken support........
Look at this 4hr chart. Shows the huge increase in volume coinciding with a reasonably short price bar. Signifies lots of buying AND selling. We then went up, but importantly, we have reached the previous high volume level at 148.30. We've now bounced off it a couple of times.
A similar pattern emerged with EY, AY and EU and they have all broken support........