hard · Volume Price Analysis
An 'Upthrust' appears at the top of a distribution range. The wick extends significantly above the resistance line, but the close is back inside. Volume is ultra-high.
What is the specific mechanical event that happened?
- Insiders hit the buy-stops above resistance to sell their inventory into that forced demand
- The start of a 'markup' phase where insiders are buying the breakout
- A successful test of demand indicating higher prices are coming
- A 'Short Squeeze' forcing insiders to cover their positions
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