This is one instance of how a Change of Trend looks like. How to read the chart using SI and wave volume!!!

Reading the story, sometimes a down trend starts with a high up volume wave, and this is why!

The facts: This is a 6hr tick chart and we have formed a Reistance Level.

1. This is your HTMU (Hard to move up wave) - that 11.7 SI (speed index) indentifies that we a Wyckoff Effort vs Result story.

2. Usual fake break to attract more buyers. That fast up move with SI 1.8 it's another hint that this could be a fake break.

3. Finally that's your confirmation, highest down volume wave after a very long time. To conclude sellers started entering long before the down wave 3. they have started on wave 1 and the result if you have entered on the blue line is 112 pips so far. Enjoy!