medium · Volume Spread Analysis effort-vs-result-spread
What does 'Professional Support' (also known as a Reverse Up-thrust) look like on a price chart?
- A series of higher highs and higher lows forming while volume steadily declines throughout the advance.
- A narrow-spread up-bar closing near its high on unusually low volume during an established bull market.
- A wide-spread down-bar that closes on its high on high volume during a decline.
- A gap-up that follows a buying climax and traps late buyers at a major market top.
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