hard · Volume Spread Analysis
You see a bar that moves down during the session, penetrating a previous low, but recovers to close on its high. The volume is lower than the previous two bars. The background shows Stopping Volume and a Shake-out.
How do you classify this bar and its significance?
- Successful Test of Supply; high probability buy signal.
- Falling Pressure; no professional participation.
- Failed Test; wait for a 'W' pattern.
- No Demand; expect a lower low.
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