For those who attend the TradeGuider futures trading room, this set up is often mentioned. For those who don't, this set up comes directly off the pages of the VSA Bible- Master the Markets.
Set up: The gapped down shake out.
Take a look at the chart below.
Not only is the gap down followed by a shake out a good place to get long itself, it defines the background as strong for later entries like the No Supply.
Set up: The gapped down shake out.
Take a look at the chart below.
Not only is the gap down followed by a shake out a good place to get long itself, it defines the background as strong for later entries like the No Supply.
Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect