medium · Volume Price Analysis testing
A practitioner sees a Spring but decides to wait for a 'successful test of supply'.
What specific candle and volume combination would constitute this success?
- A Shooting Star candle with a long upper wick that tests the ceiling of the whole trading range on high volume.
- A Doji candle showing long wicks in both directions, appearing on average, unremarkable and inconclusive trading volume.
- A wide-spread up candle that fully engulfs the entire Spring's low-to-high range while trading on ultra-high, climactic volume.
- A narrow-spread down candle with a lower wick that dips toward the Spring low on volume significantly below average.
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