medium · Volume Price Analysis
A trader observes an 'Upthrust' at a major resistance level during a markup.
What is the institutional logic behind this manufactured move?
- To fill their warehouses with inventory at wholesale prices.
- To trigger buy-stop orders and lure breakout buyers into weak positions before reversing.
- To test for remaining sellers in the market before continuing the markup.
- To confirm that demand is stronger than supply at the resistance ceiling.
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