easy · Volume Spread Analysis wyckoff-phases-schematics
A trader sees a 'test' bar. The background shows a 'buying climax' occurred ten bars ago.
What is the most likely outcome for the test?
- The buying climax from ten bars ago was erased by the three days of low volume.
- The test will fail to produce a rally because the background is dominated by supply.
- The test only works if the news is positive and attracts more retail buyers.
- The test will lead to a new all-time high because tests are 100% reliable.
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