Okay, I concede to the critics that I only mentioned looking for the low volume up bar (No Demand). What we got was an interval with a narrow range as compared to the previous bar on increasing volume that closed near its low. This is a Squat. In fact, it is an Up Thrust.
Nevertheless, we got a sign of weakness in a down trend with weakness in the background.
Current interval has not closed yet, but it looks weak. We need to see if we close on or near the low and ultimately the amount of volume.
Nevertheless, we got a sign of weakness in a down trend with weakness in the background.
Current interval has not closed yet, but it looks weak. We need to see if we close on or near the low and ultimately the amount of volume.
Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect