hard · Volume Price Analysis support-resistance

According to Anna Coulling's VPA, how should a trader interpret the pullback session, and what is the implication for position management?

1. The brief intraday dip below 1.3250 during the second session invalidates the entire breakout; the prior resistance has clearly reasserted itself as a hard ceiling once again, and the position should be exited immediately without further confirmation.
2. The pullback to 1.3248 on below-average volume is a test of the newly converted support (former resistance). The lack of selling volume on the test confirms the breakout is genuine, and the area around 1.3250 can now serve as a stop-reference for long positions.
3. The close below the breakout level on the second session signals a classic bull trap forming at resistance; price will most likely reverse sharply back down toward the prior trading range lows, so any long positions taken on the breakout should be exited without delay.
4. The pullback session is not yet meaningful until a third confirming session actually prints on the chart, because two-bar sequences alone are simply insufficient evidence for drawing any firm VPA conclusions at a resistance level that has only just newly turned into support.

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