Trading with Weis Wave with Speed Index

Trading with Weis Wave with Speed Index

11 June 2019, 13:29
Panagiotis Diamantopoulos
0
12

Can someone tell me where US30 5min will go and why?

US30 5min Before


The correct answer is down and the why is for the following reasons:

1. First time high volume down waves at resistance

2. Retracing to resistance level at non significant volume waves

3. First time such a High Speed Index of 20.6 when approaching resistance - this means that sellers were active too.

4. Another High Speed Index of 14.5 at resistance level

And down we go.

US30 5min Short


Share it with friends: