easy · Volume Spread Analysis climaxes-tests-springs-upthrusts
In a confirmed uptrend, a stock pulls back for two days. On the third day, the price dips below the previous day's low but recovers to close near its high on volume that is much lower than the average.
What is the most likely interpretation?
- Buying Climax
- Distribution
- Successful Test
- End of a Rising Market
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