hard · Volume Price Analysis
A stock breaks above a 10-day congestion ceiling of 22.00 on ultra-high volume. bar 2 is a narrow-spread up candle on even higher volume. bar 3 is a 'Shooting Star' that closes back at 22.10 on ultra-high volume.
What is the diagnosis?
- An 'Upthrust' trap and absorption leading to a fakeout.
- A successful re-test of new support.
- A 'Short Squeeze' validation.
- The initiation of a 'Markup' phase.
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