easy · Volume Spread Analysis wyckoff-phases-schematics
Price revisits the earlier selling-climax area on a narrower spread and lower volume, then closes above the low. No additional confirmation has appeared yet.
Before acting, what is the most disciplined conclusion about “secondary test of a selling climax”?
- Treat the observation as provisional evidence consistent with schematic flexibility, then compare background and subsequent bars before increasing confidence.
- Treat the observation as provisional evidence consistent with last point of supply, then compare background and subsequent bars before increasing confidence.
- Treat the observation as provisional evidence consistent with reaccumulation range, then compare background and subsequent bars before increasing confidence.
- Treat the observation as provisional evidence consistent with secondary test of a selling climax, then compare background and subsequent bars before increasing confidence.
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