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Personally, no. But waves don't always crest with a bang. They sometimes end with a whimper. Therefore, one has to have something else to look at in addition to climactic volume, which is why I incorporate demand/support lines, trendlines, and swing highs/lows. If price violates all of that, regardless of what's happening with volume, then you're very likely done. |
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In the absence of demand and trendlines, what else would Wyckoff consider an exit signal? I mean, I can't see much of a demandline other than one drawn after the break of the hinge, but that one is very steep. So would Wyckoff wait for a breach of the last swing low? Price is at 1855 meanwhile, so would he wait to see his stop taken out (now around 1840 like you said) or have some other means of determining to exit?