medium · Volume Spread Analysis background-trend-context

A practitioner sees an up-bar with a narrow spread on high volume into new highs, followed by a wide-spread down-bar that closes below the low of the first bar. This two-bar sequence is known as:

  1. A two-bar bullish reversal.
  2. A top reversal.
  3. Supply swamping demand.
  4. A shake-out followed by a test.

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