medium · Volume Price Analysis
You observe a 'Shooting Star' candle with ultra-high volume at a support level after a long downtrend.
What is the most likely interpretation?
- It is a No Supply bar showing the sellers are finally gone.
- This is a bullish reversal signal purely because of the high volume.
- The trend has been validated and will immediately reverse upward.
- Insiders are testing for remaining demand/buyers before more selling.
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