Friday's London open EU 3M (chart porn)
These aren't ideal VSA bars, and there were better setups in other markets, but well done is in order for those who got long off this after considering the strength in the background.
I think 1 was stopping volume; 2 was a compression bar the market interpreted as a test; 3 was a shake out/test, and 4 was confirmation of 3. Following were lower volume tests and reversals.
Please don't take my ideas as definitive of vsa. The writings of the various vsa authors are instructive and useful.
These aren't ideal VSA bars, and there were better setups in other markets, but well done is in order for those who got long off this after considering the strength in the background.
I think 1 was stopping volume; 2 was a compression bar the market interpreted as a test; 3 was a shake out/test, and 4 was confirmation of 3. Following were lower volume tests and reversals.
Please don't take my ideas as definitive of vsa. The writings of the various vsa authors are instructive and useful.