Some VSA stuff regarding current trading range
1st Upthrust into 35k+ area on major volume which is right in the middle of UTb on the left side which is previous supply zone. Which itself means SUPPLY.
Upbar after that on even higher volume with no result. That's supply, too.
2nd Upthrust goes further down on HIGHer volume. Lower than 1st UT, confirming weakness.
Next is wide upbar pushing out of supply zone of UTb on huge volume, followed by 2 upbars on high volume.
3rd Upthrust confirms supply presence closing below 36k.
It goes then up into prior supply zone of Upthrust UTa. Than catches stops above and falls on "final" Upthrust UTf, followed by consecutive NoDemand confirming weakness. On upper timeframes it's just no demand on low volume, narrow up bars showing supply.
Beware of: weakness can suddenly dissapear as we have little supply showing on chart. And, yeah, it will be tested and doubletested as always.
1st Upthrust into 35k+ area on major volume which is right in the middle of UTb on the left side which is previous supply zone. Which itself means SUPPLY.
Upbar after that on even higher volume with no result. That's supply, too.
2nd Upthrust goes further down on HIGHer volume. Lower than 1st UT, confirming weakness.
Next is wide upbar pushing out of supply zone of UTb on huge volume, followed by 2 upbars on high volume.
3rd Upthrust confirms supply presence closing below 36k.
It goes then up into prior supply zone of Upthrust UTa. Than catches stops above and falls on "final" Upthrust UTf, followed by consecutive NoDemand confirming weakness. On upper timeframes it's just no demand on low volume, narrow up bars showing supply.
Beware of: weakness can suddenly dissapear as we have little supply showing on chart. And, yeah, it will be tested and doubletested as always.
