Hi Everybody,
Today we have a brilliant example of the high volume spike (VSA) trade on the 3min TF. But before I get onto the 3min chart for the setup, I want you all to see the “larger degree” trend on the 15min Chart. This shows you why you should have been looking for 3min sells around 14:00EST
As you can see, at approx 14:00EST, we not only had the 15min TF near DP resistance but was also right at the minimum Wave 5 WPT, after a very nice 5 wave rally. This was signalling a top, and a reason to aggressively start to look for sell on the shorter 3min charts....
Thanks, Steve
Today we have a brilliant example of the high volume spike (VSA) trade on the 3min TF. But before I get onto the 3min chart for the setup, I want you all to see the “larger degree” trend on the 15min Chart. This shows you why you should have been looking for 3min sells around 14:00EST
As you can see, at approx 14:00EST, we not only had the 15min TF near DP resistance but was also right at the minimum Wave 5 WPT, after a very nice 5 wave rally. This was signalling a top, and a reason to aggressively start to look for sell on the shorter 3min charts....
Thanks, Steve
