easy · Volume Spread Analysis wyckoff-phases-schematics
After a long advance, very high volume appears on a wide up bar that closes below its high. No additional confirmation has appeared yet.
Before acting, what is the most disciplined conclusion about “preliminary supply”?
- Treat the observation as provisional evidence consistent with secondary test of a selling climax, then compare background and subsequent bars before increasing confidence.
- 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 preliminary supply, 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.
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