Supply/Demand, VSA, Wyckoff with Petefader

[subs]

Everyone has been there

Ok, here’s my view on it. I wouldn’t be too quick calling this Accumulation because we’ve not seen relative high volume on the very bottom yet. Price continued down on low volume and that is not what we want to see, we want to see the highest volume at the bottom.

30 Pips A day Keeps the your money at bay

And the one that you’ve marked with “Accumulation” is way too low volume to be considered as stopping volume. It’s also the wrong time of the day.

So would you say according to my pic we are still in mark down until the down bar stopping volume next to the 1.000 fib?

A bit unrelated but I think we might have a head and shoulders on E/U 1hr.