David Weis, a 40-year advanced student and expert in the Wyckoff Method, is releasing his Weis Wave indicator for the modern Wyckoff trader!
Based on Wyckoff Tape Reading
Derived from Richard Wyckoff’s excellent Tape Reading techniques, David’s sophisticated personal research led him to develop the Weis Wave. The Weis Wave takes market volume and organizes it along with price into Wave Charts. It is the only software that provides this unique and highly valuable insight into the market’s true structure.
Short Trade in Silver
You can readily see the power you will have from this recent chart of Silver futures. The bottom panel displays volume as we normally see it. It is difficult to read. But look what happens when we apply the Weis Wave to this chart. Volume suddenly becomes clear! At around 9:30, we see big volume, but not much result. Skilled chart readers will see the shortening of the thrust in the price waves. In the next wave down (to 10:05), Weis Wave volume increases dramatically – this is supply coming into the market. Confirmation comes on the two subsequent up waves showing little buying in the volume. You can’t see this in the normal volume, but the Weis Wave signals a clear and profitable short trade.
See several more chart examples in different markets here: Weis Wave Tutorial
Get the Plug-In and Have David Weis Teach You How To Use It
On Wednesday night, David will host a webinar exclusively on his Weis Wave. For one low cost, you receive the TradeStation (or MetaStock) Plug-in and David’s personal instruction on how to use this unique and effective tool. The webinar will be recorded, so you will have access to review. For more information, including several other recent examples, click this link: Weis Wave Webinar
Leave a Reply