easy · Volume Price Analysis testing
Which anomaly is most associated with a 'Spring' or an 'Upthrust'?
- A long wick penetrating a support/resistance level on high volume, followed by a close back inside the range.
- While it is an anomaly (a fakeout), it is not a true spring or upthrust without the wick rejection.
- This is merely a slow drift move; springs and upthrusts are aggressive, climactic trap events seen in a single bar.
- This is just background noise; springs and upthrusts are specific price and volume traps tied to key support levels.
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