medium · Volume Price Analysis vpa-core
An E-mini S&P 500 futures trader identifies a 'successful test of supply' on a 5-minute chart following an accumulation phase.
Which candle/volume signature best describes this event?
- A long-legged doji on average volume during a scheduled news release.
- A candle with a deep lower wick and a narrow body on very low volume.
- A narrow-spread up candle on high volume near the top of the range.
- A wide-spread down candle on ultra-high volume that breaks below support.
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