medium · Volume Price Analysis testing

A Spring occurs within a rising triangle pattern. How does the 'rising lows' characteristic of the triangle affect the interpretation of the Spring?

1. The rising triangle invalidates the Spring entirely, as Springs only occur in flat rectangles.
2. It means the Spring will happen on ultra-high volume as the 'coil' of the triangle is released.
3. The Spring should be shallower (penetrating less deeply) because the overall selling pressure is steadily weakening.
4. The Spring should be much deeper because the market makers need to make up for the lack of sellers at higher levels.

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