Dislikedlumesh,
I'm admittedly not too great at explaining stuff (and certainly not proficient at VSA).
However, the bars you have marked as No Demand I don't think are.
As far as I am aware, No Demand must have a narrow range and closing mid to low of bar. These bars don't fill these criteria.
Two points:
- The bars prior to the bars you mark as No Demand are falling on decreasing volume - this is probably what sticks out at me the most here.
- Also, the last bar on the chart is an up bar on increasing volume.
If sellers...Ignored
hi,
i actually waited that someone would say smth like that
you might be right...no BY THE BOOK "no demands" probably...
but the market was NOT falling on decreasing volume after the massive upthrust...definitely above average volume. on the contrary the market went UP on decreasing volume (the ones i marked as no demands) and not only decreasing but on low volume...
the point here is this: we had weakness in backround, other things and a massive upthrust...what else do you need ?
plus the whole picture looks like a mark up.
let's see how far it goes.