The Story: High PVR on 1st touch of support level = buying has started Increasing PVR as price moves down which means buyers on the down Double Long signal from Plutus WS and PL High PVR again without the price moving down and then moving up Therefore all the previous logic was correct and these were buyers. This called the "FOLLOW" methodology :"Let...
All the charts tell a story, that's the story of this one: We are hitting a support level for a second time Fake break support. The reaction after the fake break is a very PVR = buyers ..then a high volume up wave and price goes back into range (look left, not a wave size like that for a few days) Finally Plutus confirms the move and provides the...
The Story: Price coming down hitting 50 Fib Then we have an Abnormal Speed Index of 23.3 which means hard to move up=probable sellers Coming Down again hitting 61.8 Fib ... and PRS signal is out I will go short if 1hr closes below Fib 61.8, otherwise patience!