easy · Volume Spread Analysis climaxes-tests-springs-upthrusts
Price dips below established support, rejects the lower level, and closes back inside the range. No additional confirmation has appeared yet.
Before acting, what is the most disciplined conclusion about “spring”?
- Treat the observation as provisional evidence consistent with upthrust after distribution, then compare background and subsequent bars before increasing confidence.
- Treat the observation as provisional evidence consistent with spring, then compare background and subsequent bars before increasing confidence.
- Treat the observation as provisional evidence consistent with selling climax, then compare background and subsequent bars before increasing confidence.
- Treat the observation as provisional evidence consistent with test of supply, then compare background and subsequent bars before increasing confidence.
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