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Re: [VSA] Volume Spread Analysis
Tasuki,
In my opinion, the first one is not an upthrust, just the second one. Un upthrust should close near the low or at best in the middle. The first marked bar closed on the high, surpassed the previous highs with volume higher then the previous three bars. At this time it looks to me like an effort to rise. Since the next bar was down and closing on the low, followed by an no demand bar, it was an effort with no result. Some weakness came allready in at the 8:15 bar, narrow spread with ultra high volume.
Hope, there are comming more comments from the specialists
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