medium · Volume Price Analysis support-resistance
A stock has a well-defined ceiling at 62.00. A candle forms: open 61.80, high 62.80, and close 61.50 on 2.3× average volume.
How should this be traded?
- Wait for a 'No Demand' bar to appear on low volume before entering a fresh long above 63.00.
- This is a high-volume Upthrust; enter short below 61.50 with a stop above the wick high.
- This is a validated bullish breakout confirmed by expanding volume; enter long at the next session's open.
- This is a successful, low-volume test of demand; add size to existing long positions here.
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