medium · Volume Price Analysis support-resistance
An 'Upthrust' appears at the top of a distribution range. The wick extends significantly above the resistance line, but the close is back inside. Volume is ultra-high.
What is the specific mechanical event that happened?
- Insiders hit the buy-stops above resistance to sell their inventory into that forced demand
- The start of a fresh 'markup' phase, as insiders begin quietly buying into the confirmed breakout
- A successful test of demand, signaling that meaningfully higher prices are coming next
- A 'Short Squeeze' that is now forcing trapped insiders to cover their short positions
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?