medium · Volume Price Analysis vpa-core
In a 5-minute ES E-mini chart, a candle forms with a 6point spread on 12,000 contracts (Avg $35,000). The next candle is a shooting star on 45,000 contracts.
What is the practitioner's interpretation?
- A validated markup phase
- Successful low-volume test of supply
- Absorption of sellers at the resistance floor
- A trap up move followed by rejection
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