medium · Volume Spread Analysis climaxes-tests-springs-upthrusts
You see a bar that moves down during the session, penetrating a previous low, but recovers to close on its high. The volume is lower than the previous two bars. The background shows Stopping Volume and a Shake-out.
How do you classify this bar and its significance?
- Successful Test of Supply; high probability buy signal.
- Falling Pressure, showing no professional participation at all
- Failed Test of the level; wait patiently for a 'W' pattern to form
- No Demand bar; expect price to soon print a lower low
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