Just looked back at the 5 prior candles before WR one and they had no up volume whatsoever (0 vs 67, 0 vs 53, 0 vs 57, 0 vs 35 and 0 vs 48).
Which is even more reason to not gamble on new reports. Give the PA a chance to become readable and make a move.
You can bet there's some "pro's" out there right now that closed at the bottom and they're feeling pretty sick right now. >>>Stoney.
Not sure about the first tick, but the entire WRB came in at 397. But the weird thing is the next 50 tick bar is absolutely flat and yet it registered 623. Since I don't monitor volume, I have no idea what that means.
Here's another version I have, upper indicator is up/down%, scaled to only show bars that had 75% or greater up or down volume and ordinary volume underneath it:-
Double Bottom now exists on daily chart. It does not show itself yet on weekly or monthly. Likely more downside to come at some point in the future. Right now, daily would have an upward bias.
I predicted this, to a degree anyway, remember the 3,505 SPX level I mentioned in a different thread, simple, yet effective, just like the amount of times the market rallies towards the NFP report, simple, yet effective. Of course analysis is one thing and trading the fucking thing is a different hairy beast. FWIW I did get stopped out of the long I was in, but I am back in with a vengeance, divergence has now been confirmed on the daily chart, which should provide sufficient fuel with the touch of 3,505 (Ok, fine, 3,500 haha), for a rip your face off rally to towards 4,200 IMHO.
This time it is different. Pray for weaker retail sales tomorrow, or the downtrend continues. But Kudos on that call, which looked like a fairly simple 50% retrace call. Wish I could still do that sort of thing.