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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