medium · Volume Price Analysis
In a 'Rising Triangle' pattern, what volume behavior confirms that the ceiling at resistance is likely to break to the upside?
- Falling volume overall as the entire pattern compresses tightly toward the apex
- Ultra-high volume readings appear on the pullbacks with long upper rejection wicks visible
- Declining volume on each pullback (higher low) and rising volume as it approaches the ceiling
- Consistently average volume readings on both up-moves and down-moves throughout the entire pattern
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