medium · Volume Spread Analysis wyckoff-phases-schematics
An index has been in a long-term uptrend. It produces an Up-thrust on average volume. However, the next two bars are narrow-range with very low volume, followed by a wide-spread up-bar on high volume that reaches a new high.
What happened?
- A successful Test of the up-thrust's high
- A 'Trap Up-move' designed to catch the final breakout buyers
- A negative response to a weak signal, confirming the bull trend
- A Buying Climax followed by a Mushroom Top
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