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Old 10-03-2007, 12:12 PM
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Re: Candles and VSA

Some more action from today. As price broke back down into the 30min OR after breaching it we had a nice "no supply" bar, which also formed a doji on significantly lower volume than the previous "re-entry" bar. While the next bar wasn't showing us demand in the form of volume, it did show it to us in the form of a candlestick. This is an old school 3 bar reversal if I'm not mistaken. I think the volume could have been better, and that was the reason I didn't take that trade. I *almost* did, but I like having a bit more evidence for me to get in than what presented itself on this chart.


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