medium · Volume Spread Analysis wyckoff-phases-schematics
An equity stock shows 'No Selling Pressure' on a Daily chart, but the Weekly chart shows a clear 'Buying Climax' and multiple 'Up-Thrusts'.
How should a position trader act?
- Avoid going long, as the daily strength is likely a temporary pause in a dominant weekly distribution phase.
- Enter long now, since the daily 'No Selling Pressure' signal shows professional selling has finished.
- Ignore the Weekly chart entirely, since VSA is fractal and only the current timeframe's volume matters here.
- Wait for a 'Selling Climax' to print on the daily chart, since that alone would confirm the weekly downtrend reversed.
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