This is how you can use Speed Index and Plutus signal to confirm a Wyckoff Up-Thrust
The methodology:
1. Location: if 61.8 Fib does not provide resistance 78.6 is stronger
2. It all started with a Fast Up wave (FU) with Speed Index 0.5F (fake move)
3. The down wave followed with an Abnormal Speed Index of 2.0S (first Push Down) which means that we could have sellers coming in.
4. On next up wave look at bottom indicator PVR where as price increases volume increases = more sellers coming at the top (SI:1.8)
5. Finally Plutus shows the entry with a WU signal (Wyckoff Up-Thrust)
Enjoy
The methodology:
1. Location: if 61.8 Fib does not provide resistance 78.6 is stronger
2. It all started with a Fast Up wave (FU) with Speed Index 0.5F (fake move)
3. The down wave followed with an Abnormal Speed Index of 2.0S (first Push Down) which means that we could have sellers coming in.
4. On next up wave look at bottom indicator PVR where as price increases volume increases = more sellers coming at the top (SI:1.8)
5. Finally Plutus shows the entry with a WU signal (Wyckoff Up-Thrust)
Enjoy
Contact:info@tradethevolumeswaves.com
Site: tradethevolumewaves.com
Lesson 15: youtu.be/QPG59GWr5HQ?si=joaRCJgvyo-L2ntM
Site: tradethevolumewaves.com
Lesson 15: youtu.be/QPG59GWr5HQ?si=joaRCJgvyo-L2ntM
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Contact:info@tradethevolumeswaves.com
Site: tradethevolumewaves.com
Lesson 15: youtu.be/QPG59GWr5HQ?si=joaRCJgvyo-L2ntM
Site: tradethevolumewaves.com
Lesson 15: youtu.be/QPG59GWr5HQ?si=joaRCJgvyo-L2ntM
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.