easy · Volume Spread Analysis supply-demand-smart-money
How does the 'Close Position' usually differ between a successful Test and a No Supply bar?
- A Test probes for renewed demand by dipping to new lows on light volume, then recovering.
- Both bar types must close directly on the low to prove that selling pressure has stopped.
- No Supply must close on the low of its range in order to trap eager short sellers.
- Tests typically close near the high, while No Supply can close in the middle or high.
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