medium · Volume Price Analysis climactic
A mark up phase reaches a 'Selling Climax.' Which of the following describes the candlestick and volume signature of this event from the insider perspective?
- The insiders are climaxing their buying by pushing price higher on extremely thin volume to cut costs.
- It is marked by a series of narrow-spread down candles on high volume as insiders buy the last remaining supply.
- The insiders are selling their inventory into a surge of retail buying, creating shooting stars on ultra-high volume.
- It is a long sequence of wide-spread bullish candles occurring on steadily declining volume, showing a clear lack of resistance.
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