easy · Volume Price Analysis support-resistance
A stock is rising on high volume with wide spreads. Suddenly, it enters a congestion zone. Within this zone, you see a candle that gaps up above the ceiling, leaves a long upper wick, and closes back inside the range on 2.8x average volume.
What is this?
- Spring (Bullish Trap)
- No Demand bar
- Validated breakout
- Upthrust (Bearish Trap)
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