HG, thanks a million for this brilliant explanation!
DislikedPlease indulge me, those expecting to be fed fish just scroll down. Those seeking to learn how to fish, read on.
Been looking a some old brilliant post from Seb Mamby on elitetrader....
Without further a dew, let's get to the chart. This is a 5 min ES chart.
1. As always, the place to start is with Very High to Ultra High Volume. This bar has Ultra High Volume on an up bar that closes off its high. We know markets do not like Ultra High Volume up bars, because they can contain hidden selling. If this bar was buying, then we should...Ignored