medium · Volume Price Analysis wyckoff-laws
A trader identifies a 'Rectangle' accumulation phase. The height of the rectangle is $5.00. A 'Spring' occurs, dipping $2.00 below the floor before closing back inside.
Where is the projected 'Effect' target measured from?
- The average price (Point of Control) of the range.
- The ceiling of the rectangle.
- The floor of the rectangle.
- The low of the 'Spring' candle.
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