We can see in all yen pairs a very long uptrend (weak yen) starting mid of 2012. PVSRA fails in these trend markets. There are no MMs who are buying the yen (PVSRA indicates MMs are bears) since more than 1 year and more than x-thousands pips up. AND I suspect that the PVSRA theory is in middle term trend markets correct as we see actual in GBPUSD and EURUSD. PVSRA says MMs are bears and building short positions. But is that true, is that proven? No, it is a theory, that’s all. The run for profit is also a logical constructed conclusion but not proven, a theory. Who knows really how the MMs are working, do we know if our colored PVA climax/ high volume bars really correct indicating MMs activity?
Low liquidity bars are getting filled most of the time (same as gaps), so may be the MMs are getting closed soon and do not build long term, especially in trending market they are selling the rallys and buying the dips for getting flat. Many things about PVSRA are not sure and only a hypothetical construct.