easy · Volume Spread Analysis wyckoff-phases-schematics
A stock gaps up through an old resistance level on high volume and closes on its high.
How does this 'Strong Gap-Up' affect 'locked-in' traders from the old range?
- It forces them to sell because the market is overbought
- It triggers their stop-loss orders immediately
- It discourages them from selling by turning their losses into profits
- It identifies a 'Buying Climax' is starting
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