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Boris Lund

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Joined: 12/9/2021

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Subject : RE: Absorb
Posted : 7/13/2022 6:30 PM
Post #32047 - In reply to #31818

It ties into the wyckoff idea about exhaustion.
That's also why I decided to add the full picture underneath.

If the price tries to go up but buyers gets absorbed i.e. a green spike then it could mean that now we have exhausted all the sellers and now we can freely move up.

The buyers gets absorbed by a lot of sellers ready to sell so that the price cannot move up. But there is a lot of volume.

[Edited by Boris Lund on 7/13/2022 6:51 PM]

Attached file : absorb2.txt (1KB - 267 downloads)
Attached file : absorb2.png (26KB - 268 downloads)

Deleting message 32047 : RE: Absorb


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