PVSRA (Price, Volume, S&R Analysis)

1. Box#1; high activity on the lower level below the key SR area (below whole level 1.53000)- see the red candle. As the reaction of those PA (inhern with the activity), there are some no volumes bar then ended with relative high activity with the blue candle. The last bull candle (blue) seems like MMs closed their shorts and open longs on the lower price. its just an earlier hypothesis.
2. Box#2; as the reaction of the previous bullish candle price rise to the higher level with no volume bar, then stop at the higer level above whole number 1.53000 with high activity on the tops (green candle box#2). The first top bullish candle followed with no volume bars to the downward, and then rise again with no volume bars and ended with a pinbar bullish on the second peak (second green candle on top box#2). This new peak not higer then the previous. The question is, if MMs stay on bullish side, then why the like to buy on the top? This is highly unlikely! In my mind, i have a new hypothesis "MMs just drive the price higher to add more shorts from that highs". And if this hypothesis right, so MMs should push the price from the top with nice activity to the lower side. See, they did it. Boom, Bearish candle with huge activity (see the red candle) drive the price lower. MMs could be Bears!
3. Box#3; price fall below whole level 1.5300 (red candle) and nice tiny bar on bottom (green and blue canlde), price rising with nice activity to the higher level above whole number 1.5300. MMs bullish? wait!! Do not assume prior to getting clear clues. Maybe its a confuse signs, and we have to be smart! Just see, how the reaction of the price while they get the top above the key SR area (whole number 1.5300). Yes, price falls downward with no volume bars, then ended by great berasih candle on the bottom. MMs could be Bears!
4. Box#4; we got a confuse activity again. Red bearish candle on the bottom below the key SR -(half level 1.52500), and we got a bullish candle too (green candle) with higer activity then the previous bars and higher than the bearish candle - the spread is wider too. Is it the sign that MMs closed their shorts and intentionally push the price to the lower level for their long order? We'll never know it until we observed the reaction of the bullish bar!! Just waiting patiently for other clues. So, come see the nex box - Box#5.
5. Box#5; price rising to the higher level to the key SR. See, there is a pinbar with nice activity on top (blue candle). this pinbar would confirmed as a weakness sign if the reaction of this pinbar give nice reaction to the downward side with nice activity. Boom!!! Bearish candle from the top. This reaction drive the price downward to the Box#6-7 below the half level 1.52500 and arround the whole level area 1.52000. MMs could be Bears
6. Box#6; Bearish candle (red candle) followed with downward "no volume bars" and then stop after enterd the below whole level area 1.52000. Price up from the bottom,we can see there is bullish candle with nice activity relative higher than the previous bars (green candle). This at first glance it appears that the MMS closed their shorts and open longs. WAIT!! For me, its too careless if we conclude that MMs closed their shorts then open longs. If the MMS want to do so, why they not do it on the lows? The green bullish bar was born not from the lows. So, to get a better clues, we need to wait n see the next reaction from it.
7. Box#7; the last bullish candle on box#6 followed with no volume bars to the higher level above the key SR (half level 1.52500). Then we got the bearish candle with very high activity the spread of the is great too. MMs could be Bears.
8. Box#8; the previous ultra high bearish candle followed with the upward no volume bars and then fall to the lower level break to the below whole level 1.52000 with less activities, thats just no volume bars and the volume (as activities) decreased. MMs could be triggered the falling to deceive the retail traders, and prepare their bullish any time they want to.
9. Box#9 - 10 - 11- 12 answered the hypothesis on poin 8. MMs Bulls. The clearer clue is box#11, again- MMs pushed the price to the lower level with nice activity below whole level 1.52000 not lower than the previous lows, stop and move to the opposite direction with nice activity, though the candle suit indicator not marked it as a bullish bar (green or blue) but the volume is higher than the previous bearish volume. MMs could be closed their shorts and than open longs on the lows, MMs could be Bullish. The current bullish movement as the proof.

Its just a simple example how to understanding the market with PVSRA. The fact is not simple as the example, maybe we could get some confuse signs. But, if you always train this reading method with consistent practice, you will arrive at the simplicity. To understanding how the market really works not only requires diligence of reading and memorizing, but more than that you need to train it - practice and continued to practice more. The unity of theory and practice/ Fact is the most important thing to understanding this method. So, read the text book start from Post#1 , then practice and post ur live trading here with the properly rule, so we can build up each other. Dont be a lazzy and dont be a silent reader cz u will never got the understanding with that.
MJ