medium · Volume Spread Analysis wyckoff-phases-schematics
A trader identifies a 'No Demand' bar on an up-move following a period of distribution.
To follow the 'Checklist for Going Short,' when should the trader ideally execute the entry?
- On an up-bar, such as the 'No Demand' bar itself or a subsequent weak rally.
- Wait for a wide-spread down-bar on strong volume before committing to short.
- Short only once price breaks decisively below the most recent reaction low.
- Enter at tomorrow's market open regardless of that day's bar direction or volume.
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