Every chart has a story to tell and this is the story of the one:
First high up wave on the left.
Second high up wave after 61.8 hit
Next high down wave hitting 61.8 but with an SI on the high side 12.5
Next down move , basically all sell orders are absorbed with buy orders and price not going anywhere - Extreme SI 45.3 , that's a HTMD (Hard to move down). Check IPPR!
Finally, Plutus providing the entry with a PRL signal. Entry after the signal 52 pips so far.
...and this my friends is called chart reading using volume, price action and structure with a single tool
