medium · Volume Price Analysis support-resistance
In a 'Rising Triangle' pattern, what volume behavior confirms that the ceiling at resistance is likely to break to the upside?
- Falling volume overall as the entire pattern compresses tightly toward the apex
- Ultra-high volume readings appear on the pullbacks with long upper rejection wicks visible
- Declining volume on each pullback (higher low) and rising volume as it approaches the ceiling
- Consistently average volume readings on both up-moves and down-moves throughout the entire pattern
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?