This is Wyckoff VSA - Weakness Appears On Up Bars - No Demand
In this short video, Author of "Trading in the Shadow of the Smart Money", Gavin Holmes, explains the Law of Supply and Demand on charts but the most misunderstood law of trading and investing, No Demand on an up bar and Potential Hidden Selling on an up bar. Note that in the Wyckoff Volume Spread Analysis Method an UP bar is a price bar that has CLOSED higher than the CLOSE of the previous bar. Its the opposite for a down bar which has CLOSED lower than the CLOSE of the previous bar. Note in the Volume Spread Analysis method we do not analyse the open at all (nothing has happened yet!!) but the spread or range is key to the analysis combined with multiple time frames. The inventor of the Volume Spread Analysis method is the late Tom Williams, who was my mentor/teacher for over twenty years.
He passed in 2016 and I dedicate all of my videos to his memory. Thanks for watching, Gavin.
He passed in 2016 and I dedicate all of my videos to his memory. Thanks for watching, Gavin.
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