easy · Volume Spread Analysis wyckoff-phases-schematics
Following a sustained four-month rally, an index pushes into new high ground. The day's bar shows an ultra-wide spread up, but the price closes in the lower third of the daily range on ultra-high volume.
What does this 'Buying Climax' signify in the VSA framework?
- A successful test of the upside confirming a lack of selling pressure.
- The start of a distribution campaign where professionals sell into retail euphoria.
- Absorption volume where professionals are buying the supply from locked-in traders.
- A sign of strength confirming that the bull market has further to run.
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