AusGroup - When 2 becomes one
Good evening all, This post is just educational and I hope to be able to do more back testing with regards to this kind of setup. Do inform me if you see more setup like these.. =p I will call this setup advance stopping volume. As this is the only example that I came across so far. I hope to back test more of these patterns in the future. I will following closely on Ausgroup and I witness the low volume bar. As mentioned below, it seems to me like a no supply bar to me, but, because of the low volume accumulation/down move on the previous bars, I was not convinced by the no supply bar. Nonetheless, keep watch, keep trading. @11Nov 6pm Happy Deepvali and happy holiday to all readers, An update on Ausgroup, Since i last blogged on Ausgroup, we witness a test bar/no supply bar again @ 8Nov2012. The test bar clearly tested positively that there is very little supply on the bar on 6th Nov. On 9 Nov, next bar showed decent strength as it closes higher than the test/no sup...