Volume + spread (reference)

Which of the two examples shows more buy activity?

You can see the increase in volume and the demand wicks. Look for increases in volume with wick expansion at support/fib and EMA.

Think of technical analysis broken down into manageable pieces.

- Trend analysis
Direction, trend condition, relationship to at least 1-2 time frames above. Elliot wave is one area but there are others.

- range analysis
Accumulation, re-accumulation, distribution, re-distribution. Patten analysis. Richard Wyckoff and Tom Williams are two of the original masters of supply and demand trading.

- candle analysis
VSA, Price action. Range and candle analysis on teh 5 or 15 minute. Candle and range analysis useful for pinpointing entry (no-supply/no-demand).

Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon


Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)