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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.