AUDNZD - Effort vs Result Wyckoff Concept explained - Long

18 May 2023

Every chart has a story to say and this is the story of this one:

• Hit Support
  
• First Huge Buying wave
  
• Going Back to Support
  
• Abnormal Speed Index Numbers= HTMD(Hard to Move Down) (Effort vs Result concept) this is where the big guys are absorbing all the sell orders with buy orders.
  
• Finally the last fake moves down with Low Speed Index = Fast Fake
  
• ....and up we go!
  

Enjoy!
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