AUDCAD - Everybody was there Wyckoff, Weis and Plutus, this is a Case Study!
This story is very important because it demonstrates a classic Wyckoff Up-thrust, confirmed by Change in Behavior and a Plutus pattern.
We have hit a Major Resistance coming from the Daily Chart
On the second hit we have a false Break = Wyckoff's Up-thrust
On the third up move Change on Behavior of SI - Very High SI of 26.3 -Nothing like that on all the up moves.
Finally Plutus Reversal Short - PRS
What else do you need to enter Short????
There was also a second possible entry after a visible Effort versus Result = Hard to Move up and a Plutus Short on the Exit from the range.
That is the Magic of reading the chart with this tool. Enjoy!
