medium · Volume Price Analysis
An equity moves higher with a wide-spread bullish candle closing at the high, accompanied by volume twice the daily average. This occurs as it clears a two-month ceiling.
What is the diagnosis?
- A validated breakout marking the start of the markup phase.
- An anomaly showing that the move is overextended and 'overbought'.
- A low-volume test of supply that requires a pullback.
- A selling climax where insiders are exiting their positions.
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