medium · Volume Price Analysis climactic
A trader observes a candle with a small body and a long lower wick at the peak of a two-month bullish markup. Volume is exceptionally high.
What does the lower wick primarily represent in this specific context?
- The final exhaustion of all remaining bears in the market.
- The first appearance of significant selling pressure in the uptrend.
- A successful, low-volume test of remaining supply conducted by the insiders themselves.
- Strong, unidirectional sentiment from institutional buyers pushing price higher.
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