medium · Volume Spread Analysis climaxes-tests-springs-upthrusts
In a long campaign, you see a bar that moves up into new ground but the close is in the lower third of the range. The volume is low.
What does this 'low-volume up-thrust' indicate?
- The mark-up was not supported by professional demand.
- Professional absorption of overhead supply.
- A bullish signal, since volume was not high.
- It shows that no real sellers are present at the highs today.
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