USDJPY Is this the 1st Push Down ? TRADING WITH WEIS WAVE WITH SPEED INDEX

Is this the fist Push Down or is it accumulation and it break up Resistance?

1. 1st High Volume Down Volume after three days - with not the respective move and High Speed Index of 9.7. We have hit a Fib area therefore now we need to examine what is going to happen between 0 Fib (Resistance) and 50-61 Fib.

Be patient it will play out.

to be continued....

It was accumulation and started on day before before news 

One way to indentify that it was accumulation before the break.

Important Note: A High Speed Index of a few bar wave (2-3-4 bars) it is much less important than a High Speed Index of a Long Wave (7-10etc bars)

a. Adjust the sensitivity to a smaller number so that we avoid a lot of up down waves.

b What I did was I adjusted sensitivity from 12 to 3.

Then start reading the waves and what did I observe:

1. First down wave with a High Speed Index of 17.8 hit Fib - (Do I know if this the fisrt push down for a trend reversal ? The answer in NO.

2. Next I see an easy Up move with a Speed Index of 6.1 ( Do I know what the next move is going to be? The answer is "NO" but I have a clue since the up wave went up easily (without an false break)

3. Next Down Wave hitting the Fib with a High Speed Index again of 13.2. Now I am 99.9% sure that this is accumulation and Smart Money is positioning before USD news for the last couple of days.

4. I place two Long orders which are visible on the chart below and I got almost a 60 pip move with a nice risk reward ratio.

Conclusion: Read the waves with Index properly, be patient and you will win.

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