medium · Volume Price Analysis validation
An 'Upthrust' is defined as a candle that pushes above resistance but closes back below it.
What is the diagnosis if this occurs on high volume?
- It represents 'Stopping Volume' at the ceiling of a distribution zone.
- It validates the strength of the resistance and signals a quiet sideways market.
- It is a successful test of demand that confirms the path higher is clear.
- It is a bearish trap where insiders sold to triggered buy-stop orders.
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