easy · Volume Price Analysis support-resistance
A 'Spring' pattern occurs at a major support level. Which of the following best describes the VPA signature and its implication?
- A price waterfall that accelerates through support on ultra-high volume.
- A narrow-spread up candle at the top of a range on low volume, indicating a failed breakout.
- A wide-spread bullish candle breaks through support on rising volume.
- A candle dips below support to trigger sell-stops and then closes back above the level; if volume is high, it indicates insider absorption.
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