TradeTheVolumeWaves

Classic Wyckoff Up-Thrust formation, this is how to read it using Speed Index (annotations in sync with the chart):1. Fib Area - this is where sellers might come in2. FU - Fast Up wave with SI 0.4F 3. Next up wave with an abnormal SI of 1.0S while the average speed at 0.5, which means price has a hard time to move up (more sellers on the up move). Following the up wave on the down move we have double Short signals WU-Wyckoff Up-Thrust and PRS-Plutus Reversal Short and this where we enter.I hope this was helpful. Enjoy!

Reading the chart: Location, Structure, Speed Index and Plutus signalsAnnotations in sync with the chart.1. Major Fib2. Support3. Breaking Support with a false break - Fast wave = low Speed Index 1.14. Down wave, price has a hard time to move down = high Speed Index 2.9 (buyers absorbing sell orders)5. Entry a Wyckoff Spring WS signal from Plutus.... and up we go!!!

This is an information video about the 6 new features of Weis Wave with Speed Index - Signal v6.0 and Weis Wave - Wave Types v3.0. These versions will release at end of this week or next week.Available to answer any of questions that you might have!!!Enjoy!

1. Resistance Level - Triple top (1st one not visible)2. Abnormal SI at the top 17.83. Waiting for a Plutus Short Signal to EnterEnjoy!

Lesson 15 Methodology chart reading:1. Fib Location (buyers might enter here)2. Largest down volume wave (buyers could be in there) with increasing PVR3. Placed AVWAP at the beginning of the down wave and wait for price to cross upwards, wait for a pull back and a Plutus Long on the pull back.4. Entry Long on the PRL signal.Enjoy!

This is how I read the chart using Lesson 15 Methodology:1. Fib Location (sellers might enter)2. Sellers started to be visible on PVR when price entered Fib 50-61.8 area and on the break of 61.83. FU - Fast Up wave - Fast SI of 3.4F and that's our Fake break of Fib 4. After the false break we have the highest down volume wave, that's another indication of sellers5. Placed AVWAP at the beginning of the fast wave and wait for the price to cross downwards, then pullback and respect AVWAP as resistance.6. Entry Short of PS (Plutus Short) signalI have already moved my order to Break-Even because are entering another Fib location.I hope this helps. Enjoy!

In this chart we removed all Plutus signals and we are reading just Speed Index and weighted Averaged Speed Index. The purpose is to identify a potential reversal at a significant location such as Fib.There are two numbers visible on every price wave swing, the first one is the wave's Speed Index and the second one is the weighted average Speed Index of the 30 waves back.What do we need to identify for a potential reversal? The answer is Abnormal Speed Index compared to the weighted average Speed Index, which means that something is cooking. Reading the chart:- Look at highest volume up wave hitting the Fib area, Speed Index at 6.2 while the average at 5.0 , higher than the average but not too abnormal.- The next down wave is where it gives you an Abnormal Speed Index of 10.4 with an average of 5.2. This is what we call their first Push Down, now definitely something is cooking.- The next up wave has a Speed Index 10.4 (Abnormal) with an average of 5.2 and that's we call a Hard to Move Up Wave (HTMU).(by coincidence these two waves have the Speed Index and average Speed Index)- Finally to make sure that all these were sellers we need price to break these waves.To Summarize this is how we approach this Short trade (annotations are in sync with chart).1. Fib Location (potential sellers might enter)2. The highest volume up wave to get to Fib3. Placed AVWAP at the beginning of this up wave, because we will go short if price goes below AVWAP with the appropriate Speed Index justification.4. First Push Down wave with SI 10.4 with AvgSI at 5.25. HTMU (Hard to Move Up) wave with SI 10.4 with AvgSI at 5.26. Our entry Short breaking the structure of the previous waves and cross AVWAP downwards.I hope this helps all you Weis Wave Speed Index owners. Enjoy!!!

Chart reading using Lesson 15 methodology:Annotations in sync with chart1.Location : Fib 50-61.8 are (an area that buyers can step in)2. Fast Down Wave with SI 10.93. Placed AVWAP at the beginning of fast down wave and wait for price to cross upwards and pull back to it.4. Wait for a Plutus Long signal to enter and in this case it was a PL.Enjoy!

Learning to read the chart using Weis Wave with Speed Index will help you understand how the market works. Speed Index is very valuable to understand if there is absorption happening in the market. Remember that absorption takes time, it takes hours or sometimes days, so you have to be patient. In this chart I will explain how to read this 1HR LTC chart using Speed Index and why we had this explosion in price. I have entered long (my target was hit overnight). Annotations on chart are in sync with my below notes.Reading:1. We had a high volume down move (buyers could be in there but I am not sure yet)2. We have touched 50-61.8 Fib area - If buyers would like to enter this is a great area.3. Speed Index 29 that's an Abnormal Speed Index. Why is it abnormal? Because at that time the average Speed Index of 30 waves back was 15. I call this as the first Push or the first absorption. Buyers are entering.4. Speed Index 78.7 another abnormal SI -> more buying5. Speed Index 37 on a down wave that's what I call a HTMD (Hard to move down) more buying and finally a PL (Plutus Long signal) breaking by a bit the previous resistance level. This is where I have Entered Long.6. Another HTMD , hard to move down wave with Speed Index 32.2, more buying and another Plutus long signal PRL.Therefore the explosion is completely justified because it has a history of several hours of absorption. If you were to read just volume waves you would not be able to see this coming Speed Index alerts that something is cooking and when the time is right you enter (PL signal)I hope my above explanations helped you.Enjoy!

Reading the chart:1. We have bottom down and we pull back with high up volume waves, approaching the Fib area. Notice how SI is increasing on the up waves as we are reaching Fib from 13.3 to 15.7 to 18.4 and last not able to break previous resistance at 20.4. This means sellers are absorbing all buy orders of people entering long thinking that the trend will continue.2. Notice the up volume wave with SI 20.4 and respective pip move right above it which is small compared to the amount of volume used - This is absorption.3. The highest PVR bar at the beginning of the down wave - more sellers4. Entry Short on the Plutus Short signalNotice all the Short signals following confirming the continuation of the down move!Simple as that, if you are able to read the chart and not just following signals from an indicator. Enjoy!