medium · Volume Price Analysis support-resistance

If a candle has a very long upper wick but a small bullish body, and the volume is ultra-high, what is the VPA story?

  1. The market tested higher prices and insiders aggressively sold into that move.
  2. Weak, thin professional interest resulted in a rally that ultimately failed.
  3. Buyers are clearly in total control and the underlying trend remains strong.
  4. The small candle body indicates that traded volume was extremely low here.

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