easy · Volume Spread Analysis climaxes-tests-springs-upthrusts

A beginner is learning the VSA term “spring.”

Which description best defines “spring” in this curriculum?

  1. a sharp downward range extension that quickly recovers and may be interpreted as testing or dislodging remaining supply
  2. a temporary break below trading-range support followed by a return into the range, interpreted as a test of supply
  3. potential exhaustion of urgent selling, often seen after a decline with extreme activity and a close well off the low
  4. potential exhaustion of urgent buying, often seen after an advance with extreme activity and failure to hold the high

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