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This is how you to see that buyers steped in!!!


Creating the chart with My Chart https://www.mql5.com/en/market/product/178752 and reading the chart using Weis Wave with Speed Index https://www.mql5.com/en/market/product/33441

Reading from let to right

  1. Support is formed and you can see high buyers waves (cumulative volume waves)

  2. From early morning and London huge volume at support level - check the volume chart from My Chart indicator

  3. Speed Index 18.5 is a huge large down wave but price at support level = hard to move down = buyers

  4. Explosion

  5. Sellers come in but they dry out, down waves decreasing

  6. Buyers again


Now we are aproaching Fib - sellers might show up.


Enjoy!


 
 
 

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