medium · Volume Spread Analysis climaxes-tests-springs-upthrusts
A stock has been trading in a well-defined accumulation range between $40 and 45 for eight weeks. On a Tuesday, the price dips to $39.20 on volume that is only 50% of the 20-period average, then recovers to close the day at $40.80.
How should a practitioner classify this bar?
- A no-demand bar
- A Wyckoff spring
- Supply swamping demand
- A genuine support breakdown
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