medium · Volume Price Analysis
An Upthrust appears on a 5-minute chart of the ES E-mini. The trader notices that the Volume at Price (VAP) histogram shows a 'low-volume node' just above the resistance level.
How does this affect the signal?
- It suggests the Upthrust is actually a hidden accumulation signal.
- It makes the Upthrust less likely to fail because there is no resistance above it.
- It indicates that a short squeeze is about to occur.
- It confirms that the price was pushed into a 'vacuum' where no buyers exist, increasing the probability of a reversal.
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