easy · Volume Price Analysis support-resistance
Following an accumulation phase, the market pushes below the established support floor at $44.00 during the session but recovers to close at $44.15 on volume that is 2.5 times the average.
What is this schematic event called?
- A validated breakout below support, needing a clean close beneath.
- A Spring, designed to trigger sell-stops and collect cheap inventory.
- A No Supply bar, confirming sellers have left and buyers control the tape.
- An Upthrust, designed to trap breakout buyers above resistance before reversing.
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