OK.
The very next bar----WOW!
This bar then would confirm the statement made here?
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Based on what TG said, we could see a Test (confirmed) then prices start falling down. Once we would get a close below the low of the test bar, we would have No Result from a Test. This is weakness.
The more likely situation, however, is that a confirmed Test would signal a move higher. |
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So this would be seen as BUYING VOLUME and the test then is confirmed?
Just to get my head around your thinking/interpretation.
We have a confirmed test and can expect higher prices?