medium · Volume Spread Analysis wyckoff-phases-schematics
A trade setup sequence begins with 'Potential Professional Buying' followed by a 'Basic Test.'
If the third bar is 'No Supply,' what is the significance of this sequence for entry timing?
- The sequence is incomplete and requires a 'Buying Climax' to confirm the trend.
- Wait for the RV to exceed $2.5 on the 'No Supply' bar to ensure strength.
- The sequence is bearish because 'No Supply' means there is no liquidity for a rally.
- It represents a complete Bullish Sequence (Type 8), suggesting that supply is exhausted and an up-move is imminent.
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