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Class No. 9 - Advance VSA (Signs of Weakness 2 - 5)
3 months ago
5
The first bar is marked up rapidly, closing on the highs (usually on good news). The volume can be high (supply swamping demand) or low (no demand). The next bar rapidly reverses down, on a wide spread, closing on the lows. If the low and the close is lower than the first bar this adds to the weakness.
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