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!
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!