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Silver had a burst in volume to the upside and broke a resistance area. Higher lows and Higher highs forming. Will be interesting to watch. Pattern is similar to crude, don't you think?
I have been pouring over the VSA method as I listen to Tom Williams explain VSA. An element that appears to be missing is the first hour TPO initial balance range in a market (not taught by VSA, of course) and extended ranges. The benefit of simply adding that to your VSA charts is points to areas of value or likely turning points in the market. Therefore, lining a TPO's VAH, VAL and its corresponding fibo extension ranges of 127.2 and the 161.8. Better still, chart a Developing VWAP (DVWAP) in real time together with a VSA. I have noticed that especially at the 127.2 and 161.8 extensions one will see a high volume node presenting a possible shakeout. Of course, wait for VSA tading confirmation before taking a trade because it may be a trending market that simply continues with the trend (i.e. Triple Trending Day)! I found a few examples on the web - High Probability Fibonacci Trades
I think that the more lines you add on a chart the more you increase the risk to lower the efficiency of your method. Here is a controversial article about Fibonacci levels that talk about Fib levels in a more persuavive way: