DislikedFor the users following at home this is an insert from Karthik Marar, who outlines the Tom Williams VSA Strategy in a nutshell.
[size=2]So the question was …How one checks if the congestion area is really an accumulation area.
There are a few things to lookout for..
• First, the indecision should be quite visible. In other words the volume should be low and quite. No huge volume upsurges. Even if the volume is relatively higher the range between up day volumes and down day volume should be narrow.
• Second, the spread of the bars (High – Low)...Ignored
I tell you this .. .smart money do not accumulate on a 1 min chart !!!
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