medium · Volume Price Analysis testing
After a distribution phase between 120 and 125, the price breaks below 120 on rising volume. It then rallies back to 122 on very low volume, forming a narrow-spread up candle with a long upper wick.
What VPA signal is this?
- Failed test of supply
- Successful test of demand
- Bullish Engulfing reversal
- Absorption of selling
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