medium · Volume Price Analysis testing
A Spring is identified. The volume is 'Ultra-High', but the wick is very short and the body is bearish, closing just below the support level.
How is this interpreted?
- It is a successful test of supply because the high volume shows lots of activity.
- This is a failed Spring and a Bearish Anomaly; enormous effort failed to produce a recovery, suggesting supply is overwhelming demand.
- This is a 'Secret Spring' because the insiders are hiding their buying pressure within a bearish candle.
- The Spring has not started yet; this is just the 'pre-climax' phase.
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