medium · Volume Price Analysis testing
An FX trader sees a 'Successful Test of Supply' following an accumulation phase. Describe the exact candle and volume signature.
- A wide-spread down candle closing at its low on strong volume, showing fresh supply.
- A breakout candle above resistance on 3.0 times average volume, confirming the validated move.
- A long-legged doji forming on average volume during a scheduled major economic news release event.
- A probe into the accumulation zone with a long lower wick and narrow body on low volume
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