PSEUDO DOWN THRUST (VSA)
Price structurally making a higher low after the higher high.
Today closed with volume and price breakout after pseudo down thrust this suggests that there is no supply or lack of supply.
*What is pseudo down thrust (PDT) ??
Its basically lack of supply means that demand will overpower supply causing price to rise in near future (continuation signal, not a reversal signal).
*How to spot pseudo down thrust ??
Bullish pinbar or doji bar having low spreads whose volume is lower than the previous two candle volume.
Today closed with volume and price breakout after pseudo down thrust this suggests that there is no supply or lack of supply.
*What is pseudo down thrust (PDT) ??
Its basically lack of supply means that demand will overpower supply causing price to rise in near future (continuation signal, not a reversal signal).
*How to spot pseudo down thrust ??
Bullish pinbar or doji bar having low spreads whose volume is lower than the previous two candle volume.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment