- November 29, 2020
- Posted by: virtualxstore
- Category: trading
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Note where RSI is located immediately just prior to a mark-down event: Above AXIS.
Also note how and where the highest concentrations (the peaks) of volume and the lowest (valleys).
In this example price rode down the 50 ema . Note the confluence of the 50 EMA hit with the RSI above axis.In this situation you would drop down to the 5 or 15 and look to do your range analysis in search for the upthrust and no demand low volume test….
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA / Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
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