easy · Volume Price Analysis support-resistance
During a sideways consolidation, the price dips below the established support level, triggers sell-stops, and then closes back inside the range as a hammer on 2.5 times average volume.
What is the correct VPA term for this?
- A 'No Demand' bar indicating the trend is ready to reverse.
- A failed test of supply indicating more selling is needed.
- A high-volume 'Spring' designed to shake out weak holders.
- An 'Upthrust' signaling a failed breakout to the upside.
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