Richard Wyckoff said to his students .."follow the waves".. of price and volume.
What follows is a excellent example of price and volume waves forecasting continues price trend. Point and Figure charts are an excellent formula for determining price and volume waves.
RTT Plus members were informed of the pending AUDUSD (FXA) weakness from Jan 1st 2013.
Below you see clear domination by sellers and buyers during price action. The PnF chart is converted to bars rather than X and O for Wyckoff wave watching needs.
Investing Quote...
.."Being in the market at all times is not the key to profits. Being in the market when there is a clear, unconfused technical signal, and the trader's judgment is not swayed by emotion, is the method for trading success"..
~Richard D Wyckoff
