medium · Volume Price Analysis

An 'Isolated Pivot High' is established when which candle formation occurs on a chart?

  1. A wide-spread up candle is immediately followed by a wide-spread down candle.
  2. A shooting star reversal candle forms alone on ultra-high volume.
  3. The middle candle has a higher high and higher low than its two neighbors.
  4. Price breaks above resistance intraday but closes back inside the trading range.

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