Why are we looking long?
In this post we described in detail the method of modified VSA and PriceAction why, in our opinion, there are more signs of purchases than sales.
In short - in 2 and 3 waves we get badresumption of sales, and in VSA there is a golden rule: whoever showed weakness last is amazed. In the current situation on the D1 chart, the bear is suffering a fiasco. On the last bars B6, with an effort, it did not work to squeeze the price down, we got BUNpr with a large volume and a small spread. And then there was simply no money left (bar B7) and it became a tail test
Results. We see more signs for long, we are waiting for purchases to appear, as we indicated before
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