This is how to read the chart using Weis Wave with Speed IndexReading the chart:
1. We have bottom down and we pull back with high up volume waves, approaching the Fib area. Notice how SI is increasing on the up waves as we are reaching Fib from 13.3 to 15.7 to 18.4 and last not able to break previous resistance at 20.4. This means sellers are absorbing all buy orders of people entering long thinking that the trend will continue.
2. Notice the up volume wave with SI 20.4 and respective pip move right above it which is small compared to the amount of volume used - This is absorption.
3. The highest PVR bar at the beginning of the down wave - more sellers
4. Entry Short on the Plutus Short signal
Notice all the Short signals following confirming the continuation of the down move!
Simple as that, if you are able to read the chart and not just following signals from an indicator.
Enjoy!
