Chart reading using price location, volumes and Speed Index:
1. We are on Fib (buyers could enter here)
2. Fast down wave on the way to Fib with SI at 16.7 while the average was 26.3
3. Next down wave it's a very slow wave and it look like an HTMD (hard to move down) with a very high Speed Index of 47.8 while the average was 26.8 (probable buyers absorbing sell orders). This is change in Behavior , but in order to confirm the reading it would nice be for the forming down wave to finish with a high Speed Index.
4. AVWAP blue lines act as resistance. Finally to enter long we need price to break resistance level marked with the black line, otherwise we might get stuck into a range and you never know what's going to happen next.
Patience! Enjoy!
1. We are on Fib (buyers could enter here)
2. Fast down wave on the way to Fib with SI at 16.7 while the average was 26.3
3. Next down wave it's a very slow wave and it look like an HTMD (hard to move down) with a very high Speed Index of 47.8 while the average was 26.8 (probable buyers absorbing sell orders). This is change in Behavior , but in order to confirm the reading it would nice be for the forming down wave to finish with a high Speed Index.
4. AVWAP blue lines act as resistance. Finally to enter long we need price to break resistance level marked with the black line, otherwise we might get stuck into a range and you never know what's going to happen next.
Patience! Enjoy!
Contact:info@tradethevolumeswaves.com
Site: tradethevolumewaves.com
Lesson 15: youtu.be/QPG59GWr5HQ?si=joaRCJgvyo-L2ntM
Site: tradethevolumewaves.com
Lesson 15: youtu.be/QPG59GWr5HQ?si=joaRCJgvyo-L2ntM
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Contact:info@tradethevolumeswaves.com
Site: tradethevolumewaves.com
Lesson 15: youtu.be/QPG59GWr5HQ?si=joaRCJgvyo-L2ntM
Site: tradethevolumewaves.com
Lesson 15: youtu.be/QPG59GWr5HQ?si=joaRCJgvyo-L2ntM
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.