easy · Volume Spread Analysis background-trend-context
A 'Failed Test' occurs when a bar probes lower prices but returns to close on the high with high volume.
What does this indicate about the market's readiness to advance?
- The market is entering a buying climax now.
- It is not ready because sellers are still present
- A mark-up phase will begin immediately after this bar.
- Professional buying support has been fully withdrawn from here.
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