medium · Volume Price Analysis validation
If a trader sees a 'Hanging Man' candle followed immediately by a 'Shooting Star' at the same price level on above-average volume, what is the combined signal?
- A 'No Supply' sequence that suggests sellers are exhausted.
- Strong confirmation of weakness and professional distribution.
- A bullish 'double bottom' formation indicating a strong reversal higher.
- A neutral congestion zone where no action should be taken.
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