medium · Volume Spread Analysis climaxes-tests-springs-upthrusts
A 'Hidden Up-thrust' is defined as a bar that closes lower than the previous bar but has a high that is higher than the previous high.
Why is this considered particularly deceptive for retail traders?
- It closely mimics a genuine Spring signal, yet it occurs mid-way through an established mark-up phase.
- The volume on these bars is always low, which makes it closely resemble an ordinary No Supply signal.
- The weakness is masked by what appears to be an ordinary down-day, hiding the failed attempt to break higher.
- It implies that hidden selling pressure cannot be occurring simply because the close is not sitting down on the lows.
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