Hi.
I read posting instructions .........
I hope I did this correctly with the uploading and posting;not that savvy yet with files. (please give me pointers for better chart postings next time)
Can someone help clarify the price-volume action at locations A,B, and C. I don't have the hang of this yet.
At A, who is selling and who is buying.
The big green candle at the open must be from the buy orders from the night before; price starts to decline after the opening ; is this professional selling or short selling ?
There is a rally at B. ( I should have posted the tick data as well )
Is this professional buying ?
After the rally at B price declines to S1 goes to pivot point to form "W" and then
goes to phase C rally; whose buying here on increased volume ?
Can we tell what the roles of the market makers, the specialist, the institutions and the public are ?
Could
VSA be of some help here as well ?
Thanks,
//Michael
