With eu's background in consideration.
This is starting to look like a proper Wyckoff setup.
PS. Standing for preliminary support, some buying coming in. You get more buying a couple of bars later.
Then you get the weakish up move.
Market comes down to print a selling climax.
If eu now breaks the downward channel. A test should result in a good number of pips.
http://i865.photobucket.com/albums/ab220/Pete146/eu.jpg
This is starting to look like a proper Wyckoff setup.
PS. Standing for preliminary support, some buying coming in. You get more buying a couple of bars later.
Then you get the weakish up move.
Market comes down to print a selling climax.
If eu now breaks the downward channel. A test should result in a good number of pips.
http://i865.photobucket.com/albums/ab220/Pete146/eu.jpg