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Re: [VSA] Volume Spread Analysis
Hi,
May I ask a question or two on the attached DJ30 chart?
Yesterday, on the 22nd, I saw what I thought was a failed test (volume was highest in the last 6 months or so), so I thought supply was still present. At the same time the hammer was bullish....... The bar is a long shadow down bar which closed off the high. ?So there was buying in that bar proved by today's bar?
It's great reading my own paragraph above. I am not making any sense and I can't make up my mind if it's a "weak" or "strong" bar, as Sebastian would call a bar. I'm wondering if I even know what a test is... One would think I should, what with PP's and others' scores of examples...
Today's candle (the 23rd) was an up bar, closed just off the high with huge volume. But how would you see it if the 22nd were the last bar on the chart?
Thank you,
Bert
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