Reading the waves and Speed Index 1. After the High up Volume wave the reaction a Down volume wave with very high PVR 2. Fake Break with a very fast Speed Index of 2.5 3. Abnormal Speed Index of 15.4 with PRS signal = sellers Price dropped to Fib , next is to monitor reaction on Fib, bias is to continue Short
Reading the waves and Speed Index 1. Abnormal Speed Index of 14.8 = Sellers 2. Largest down wave with normal Speed Index = market agrees with move 3. 4. Large up wave but with high Speed Index 10.5 = Sellers 5. High Speed Index on the up move 8.0 = Sellers still forming but it looks like we are have a hard time to move up Therefore Short
This this chart is read using the volume waves and Speed Index 1. Large Down Wave but Speed Index 11.6 is very high compared to previous SI numbers which means that buyers are stopping the down trend. 2. Largest Up Wave after a long time with normal SI= more buyers 3. Very Large Up Wave with normal SI = more buyers Therefore Long is the trade!
Short trade based on previous High down volume waves and the fast fake move to Fib. Move stop to BE at support and target is set at next Fib area
That's a Change on Behavior as David Weis would say. Very High Volume but with an Abnormal Speed Index 156.2 = meaning the price is not moving down easily. PVR is increasing at the bottom= meaning more volume a price goes lower = buyers Therefore the forecast is that we are going for another break and a move up.
We have hit Fib area Fast Up Wave and then Wyckoff Up-thrust signal -WU at the top and down we go Correct entry already at 70 pips but I think it will continue
Simple: Broke a major resistance level - excellent location for a Wyckoff Up-Thrust Price pulled back and the next up waves has a very high Speed Index of 27.9 which could mean price having a hard time to move up. To confirm we did to break the blue line downwards to enter short This is David's Weis quote "Trade is About to Happen" and book
PVR high at tops = sellers at tops and no significant buying at bottoms Fast wave up with 4.3 si - not justified probably fake Very high of 31.5 = too muck effort little result The forecast is to at least get to 50Fib which is 25 pips but can also get up to the blue line which is 70pips
Simple: Plutus signals got the swing from Resistance to the Fibonacci pullback. At Resistance Level : 5 Plutus signals of all shorts : Wyckoff Up-Thrust, PFBS (Plutus Fake Break Short), PS (Plutus Short) and PRS (Plutus Reversal Short) Start going down until ............... Fibonacci level, oohaou, how original !!!! This is were buyers come in again. How to...
Simple: PVR indicator increasing as price goes down = buyers - Why? because we approach ......... Fibonacci Area!!!! - You have been trained to trade at these levels , robots trade at this levels..
Coming from my previous idea: Even they are both up waves, Wave 1 is buying wave and Wave 2 is a selling wave. How do I know? Speed Index wave 1 normal speed index of 5.0 , wave 2 abnormal speed index 12.9 (Effort vs Result). The average speed Index is 7.5. I hope you are Short. That's exactly what David Weis book title "Trade is About to Happen" . Enjoy!
What's the difference between up wave 1 and up wave 2, apart from the fact that wave 2. is a bit larger? Looking forward for your comments Tip: look on the chart.
Story: Location is Excellent - Fib touch Bottom Speed Index a bit on the high side - I would preferred them to be higher to denote hard to move down moves. Immediate reaction after the last high down volume wave the largest up volume wave. The up waves are increasing What we need now is a retracement with small volume to go long. There is chance also to...
Simple story: First of all this is classic entry as TTVW says - Exit from range with PRL The rest of the story Green waves larger than red waves Speed Index on the high side at the pullback = Hard to move done (Effort vs Result) No funny stuff at the top yet Therefore we should be heading for the resistance level approximately 60 pips
The story : In that huge up wave there were sellers! Why? Speed Index is telling us why. That was a hard time to move up wave 18.2 SI at the top is Effort vs Result (Wyckoff ) . The average Speed Index is 10.5 therefore the 18.2 is an Abnormal SI. If we break the beginning of the 18.2 wave downwards 1.92627, we are going down.
Buyers have stepped in. High Up Volumes green is everywhere. That last down wave with high volume has a high Speed Index 16.4, that's hard to move down Plutus signals also Long We should be reaching at least he Fib area
The Story : We have hit resistance level and started going down Hit the Fib Area and started going up again On the way down we see an very high Speed Index - price is having a hard time to come down Finally a PRL long signal shows the way for a long - already at 55 pips Now the question is if we are going to break that resistance level considering the background...
EURCAD has broken a major resistance with a very large up volume wave. The Indicator produced a Wyckoff Up-Thrust signal but the slow wave it's only two bars Price comes back in below resistance level Highest down volume wave Usually this formation a very large up with a false break and a fast down results in a trend change. We need to see the reaction...