medium · Volume Price Analysis

A 5-minute candle on the ES E-mini shows a price range of 1.25 points with a volume of 35,000 contracts.

If the 20-bar average volume is 15,000 and the average range is 4 points, how should a practitioner classify this candle?

  1. Bullish Validation
  2. Neutral Validation
  3. No Demand Bar
  4. Bearish Anomaly (Absorption)

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