TradeTheVolumeWaves

Reading: 1. Resistance Level 2. 3. and 4 High PVR when ever we approach Resistance 5. Plutus Short signalsClosed with profit before reaching target because it's ranging and I do not like the way it behaves

Based on a previous post: https://www.tradingview.com/chart/AAVEUSDT.P/6OoYehTy-AAVE-Entered-Short-based-on-Lesson-15/ Closed on Fib , it could go to 61.8 but let's not be greedy.

Reading the chart with Lesson 15 methodology: 1. Location: Resistance coming from the weekly chart 2. Largest down volume wave after a long time 3. Place AVWAP at the of the last up wave. Price crossed it and pulled back to AWVAP 4. The Entry, a PS signal after the pullback to AVWAP Enjoy! PS. PVR show Buyers and Sellers locations.

This is how a Fake Break on Fib looks like using Weis Wave with Speed Index Reading the Daily Cha rt 1. Fib Location - Sellers could enter here 2. Largest Up volume wave after a while - also sellers could be hidden in there. 3. Increasing PVR (progressing volume rate) = as we approve the top more volume comes in (sellers) 4. This up wave has the highest Speed Index 10.0S of all the up waves in the trend, that's a HTMU (hard to move up = sellers) 5. The highest PVR bar =sellers 6. Another Abnormal Speed Index 25.5 S - that's another HTMU = more sellers on the up move, price cannot progress upward anymore. 7. and finally down we go with a PRS signal. All the ingredients for the Short were there. Reading Weis Wave with Speed Index is like reading a book, page after page, until you reach to the last page that the writer has kept the surprise, the only difference is that this is never ending chart book with many stories. This was the story of LTC for now. I think this story has not ended yet and continue to drop to another Fib, the details on the 1HR!. I hope you enjoy this chart reading lesson using Weis Wave with Speed Index.

Lesson 15 methodology (annotations in sync with the chart): 1. Largest up volume wave after a while - sellers might be in there. 2. Placed AVWAP and waited for price to cross downwards and pullback again on AVWAP 3. HTMU (hard to move up) - Abnormal Speed Index 4.6S at the top 4. Entry short signal PRS with abnormal SI 4.8.2 (price has a hard time to move up - absorption) Simple as that. Enjoy!

In this video I will demonstrate how I read the chart using two indicators Weis Wave with Speed Index Signals and Weis Wave - Wave Types. Enjoy!

Reading the chart (annotations in sync with the chart): 1. Location: Fib+ Resistance level 2. Abnormal Speed Index of 6.6S (Hard to move up or closing positions) 3. Wyckoff Up-Thrust signal from signal 4. Entered Short on pullback to AVWAP RR 1:2

We found buyer at bottom of the wave and price reversed. Stop was hit

Reading the chart (annotations in sync with chat): 1. Largest Up volume wave 3. Resistance Level coming from Daily chart 3. Fast Up Wave (could be fake) 4. Placed AVWAP on fast wave and 5. Our Entry: Double Plutus signal after the retracement Wyckoff Up- Trhust + PRL Enjoy reading the waves , speed index and Plutus signals.

Reading the chart :AVWAP acted as resistance and we started ranging.This is a classic entry long for the "SI traders" called Exit from Range with a Plutus signal and in this case it was the PRL signal.ADA is heading for a major Fib I will not advise any entries now.Enjoy wave and speed index reading!