hard · Volume Spread Analysis background-trend-context

A practitioner identifies a potential 'Spring' where price penetrates support on low volume. However, the close is in the lower third of the bar.

Why does this close position invalidate the signal as a buy trigger?

  1. It indicates that supply is still swamping demand.
  2. The volume must be ultra-high to confirm professional interest.
  3. It is actually a 'hidden up-thrust' in disguise.
  4. A spring must always close in the middle to show equilibrium.

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