medium · Volume Spread Analysis wyckoff-phases-schematics
A stock has been rising for months. It produces an ultra-wide spread up-bar into new highs on the highest volume seen in a year. The close is in the middle of the bar.
What is the diagnosis?
- This is the start of a major new mark-up phase, confirmed by strong professional support.
- This is merely a routine test of the supply sitting at the recent market top.
- The high volume simply shows professionals gapping decisively through overhead resistance.
- This is a potential 'Buying Climax' where professionals are transferring stock to the public.
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