continue to explore the topic in terms of trade in the forex, namely the technique of the VSA.This time we talk about the pattern-Up Trust (Up-thurst), its varieties, the application in practice, and of course, profiting from the market with this setup.
Before studying setup-Up Trust, I highly recommend to get acquainted with the previous Related materials:
- What is VSA?
- volumes on the forex and how they look
- culmination of purchases / sales
- Accumulation and Distribution
What is Up-Trust?
-Up Trust (Up-Thrust) - reversal setup VSA, is characterized by a large candle (wide spread) to the closure of about Low, followed by a relatively large volume.Often it occurs after a strong bullish movement, and represents a possible change of the bullish trend.The closer the closing of the bar to the point of Low - the stronger formation.
Market makers absorb the purchase of the crowd or from the comfort of their purchases (the culmination of purchases) or entering a sale on the re
Reverse-Up Trust (Reverse Up-Thrust) - Up-mirror opposite of trust.It means the ability to change the bearish movement.It has the same properties as the An-Trust.
Pseudo-Up Trust (Pseudo Up-Thrust) - Up-Trust to a small volume.Not as effective, but it can also be regarded as a sign of reversal.
efforts and results
After the formation of Ap-trust, follow the following bar:
1) If the next candle - daunbar with the closure of about Low, we can assume that the market weakness is confirmed.If its volume is high - time to sell - if not, we should wait another candle.We are interested in the appearance of daunbara high volume and closing near Low.
2) If the next candle for aptrastom (or second after the up-Trust candle) - apbar daunbar or the closure of some High, then weakness in the market is insufficient and consider selling is not worth it.
P.S.For up-trust reverse all the same, but in mirror image.
VSA setup-Up Trust pretty strong, but without confirmation is not necessary to enter the market.Factors reinforcing this pattern are also:
- Reliance on the level of support / resistance, or the level of Fibonacci
- Trade only in the direction of the trend (see How to determine the trend.)
And that too is important, knowing how to work withup-trust, helps to define the power pin bars.By analyzing the presence or absence of volumes and the subsequent candles, we can draw conclusions about whether or not to enter the market.