Hi, I think BURSA will continue back the move up after recent retracement down to area of horizontal line A which was a major resistant-turned-support line on higher TF.
Bar 1 was the climactic bar, with ultra high volume, meaning buyers entered to slow down the down move.
Bar 2 was a No Supply bar.
Bar 3 was a spring, meaning that price broke below the recent minor support then closed back up
Bar 4 was a nother NO SUPPLY bar
On Weiss wave indicator, wave number 6 had lower cummulative volume than wave 7, probably indicating selling interest had become exhausted.
I'm looking forward for price to move back up.
Trade at your own risk, any comments are welcomed.
Bar 1 was the climactic bar, with ultra high volume, meaning buyers entered to slow down the down move.
Bar 2 was a No Supply bar.
Bar 3 was a spring, meaning that price broke below the recent minor support then closed back up
Bar 4 was a nother NO SUPPLY bar
On Weiss wave indicator, wave number 6 had lower cummulative volume than wave 7, probably indicating selling interest had become exhausted.
I'm looking forward for price to move back up.
Trade at your own risk, any comments are welcomed.