medium · Volume Price Analysis
A trader identifies an 'Upthrust' at a major resistance level.
Which VPA signature would confirm that this is a bearish signal rather than a genuine breakout?
- The candle has a wide bullish body and closes above the resistance on low volume.
- A sequence of three wide-spread bullish candles on rising volume.
- The candle pushes above resistance but closes back below it with a long upper wick on high volume.
- The candle has a narrow body and low volume, indicating no supply.
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