medium · Volume Price Analysis climactic
A candlestick forms with a small body near the high of the range and a lower wick that is three times the length of the body. This candle appears after a sustained three-week price waterfall, and the volume is triple the 20-day average.
What is the institutional classification of this signal?
- A Hanging Man signaling the start of a distribution phase.
- A Hammer representing significant stopping volume.
- A No Supply bar confirming a successful test.
- A Shooting Star indicating a buying climax.
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