GBPAUD - Wyckoff Up-Thrust - Time to short
Every chart has a story to tell and this is the story of this one:
Enjoy!
- We have been trending up until we have hit resistance
- After the hit we start ranging around resistance area
- Last up move fails to stay above resistance
- Next up wave has an Abnormal Speed Index of 27.2 = HTMU (hard to move up) = sellers
- Plutus confirms the short with two signals PRS (Plutus Reversal Short) and WU (Wykoff Up-Thrust)
Enjoy!
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Contact:info@tradethevolumeswaves.com
Site: tradethevolumewaves.com
Site: tradethevolumewaves.com
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.