Reading the chart (annotations in sync with chart):
1. Location: Fib over-shoot - possible sellers
2. Largest up volume - possible sellers in there
3. Mountain shape PVR - increasing volume as wave progress
4. Abnormal SIs at top (could be closing positions but it also could be sellers absorbing buy orders.
Risky Entry but with better RR enter now. stop above tops, target blue AVWAP
Conservative Entry with worse RR: wait for the break downwards of red AVWAP, target blue AVWAP.
Enjoy, wave and speed index reading!
1. Location: Fib over-shoot - possible sellers
2. Largest up volume - possible sellers in there
3. Mountain shape PVR - increasing volume as wave progress
4. Abnormal SIs at top (could be closing positions but it also could be sellers absorbing buy orders.
Risky Entry but with better RR enter now. stop above tops, target blue AVWAP
Conservative Entry with worse RR: wait for the break downwards of red AVWAP, target blue AVWAP.
Enjoy, wave and speed index reading!
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.