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After hitting Fib Area 61.8 the Short signals from Plutus started PRS and PS. The largest down wave after a while. The large down move wave at regular Speed Index 8.8 which means market agrees with the move. More pips to go!

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I have split it the chart into two sections with a vertical line. The left section, the bearish move and the right section, the bullish move. To be able to read the chart you need to focus on three things : 1. price location (as far as structure) 2. Volume Wave size and 3. Speed Index Let start from the left: Coming down with down volume waves greater then the...

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False Break of Support Next down wave with an Abnormal Speed Index of 20.0 = hard time to move down ...and the structure break upwards That's a simplified Wyckoff Spring up 40 pips already!

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It looks like we are have a hard time to move up, High Speed Index notes this situation. Furthermore, the indicator signals with a short signal - PRS

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Down Waves are larger than Up-Waves. The Last up wave has an Abnormal Speed Index of 4.4 compared to the average which is 1.8 which looks like price is having a hard to move up. Therefore I am going short with stop -60 pip ad target at 110 pips RR:1.83

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The following are the reasons for this entry: Decreasing up waves Ranging on Fibonacci Last up wave with a High Speed Index of 24.3 meaning probable sellers at top Signal from the indicator PRS and WU (Wyckoff Upthrust) Break of the Range downwards

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After the break of the range with such a high volume wave and a long signal I am getting ready to go Long if we break the 61.8 Fib.