medium · Volume Spread Analysis climaxes-tests-springs-upthrusts
A Buying Climax occurs at 100. The automatic reaction pulls the price back to 92. The market then rallies back to 99 on volume that is 40% lower than the average.
What is this secondary rally called?
- A 'Shake-out' of the remaining shorts before the next leg up.
- Falling pressure as the buyers withdraw their support.
- A 'No Demand' bar or sequence, confirming the top.
- A successful test of the 100 resistance level.
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