hard · Volume Price Analysis support-resistance
A trader observes a 'Falling Triangle' pattern. The floor is horizontal at $62.50, and the rally peaks are getting lower ($66.00, $65.20, $64.50).
If the rallies are occurring on progressively lower volume, what is the VPA conclusion?
- The pattern is 'Churning' and will likely resolve into a sideways breakout
- The pattern is a 'Spring' still developing, which will eventually lead to a markup
- The pattern is bearish because buying pressure is exhausting on each attempt to rally
- The pattern is bullish because the floor is being defended repeatedly on rising volume levels
Sign up free to see the explanation and track your rank →
More Volume Price Analysis support-resistance practice
- During an accumulation phase, the price dips below the estab… — What is the correct Wyckof
- What is the immediate trade implication?
- Following an accumulation phase, the market pushes below the… — What is this schematic eve
- A Volume at Price (VAP) histogram shows a large 'High Volume… — As the price approaches th
- What is the most likely outcome?
- If the price is at $158.00 and forms a shooting star on low volume, what is the expected o
- During a sideways consolidation, the price dips below the es… — What is the correct VPA te
- What is the Wyckoffian term for the first candle?