{quote} Dear Prof, With your templete shown, what is the different with the released version? I mean in how you use it, and the perspective in volume reading. Because in your templete . there's no red, green, blue, purple, which for me, that color is one that I really take a look in my consideration for entry (classic of scout). Thanks before TAH..
medalist and All Sonikers,
The PVA candles and volumes are extraordinarily helpful to quickly seeing price action that should be taken note of, especially when in the area of key S&R, like the Levels. I believe the use of PVA over quite some time "conditions" the trader to be more aware of price action and volume in the area of key S&R. The same "clues" can be extracted from charts without PVA, but with more effort and especially so when not having had long "conditioning" from using PVA.
Simply put, I like to try my hand from time to time without PVA, to see how well I have become conditioned.
Whether or not using PVA to hasten your progress in developing good trader skills, keep in mind that when reference is made to "PA" it refers to the movement of price.....the ups and the downs of price,....PA waves. And the study of PA waves is always more beneficial when taking note of where the relative increases in activity are as the MMs manipulate prices up and down, creating these PA waves. The Use of PVA simplifies developing the skill of doing a more competent Price (PA waves), Volume (relative changes thereof) and (key) S&R analysis,.......PVSRA.
-tah
) From what I am seeing is that coincidently neckline meets area somwhere between RDH and RWH (can't tell exactly, pattern is too big) so the price may retest the neck than it will reject big time.
At the start, it looks more like a classic bull wave
