medium · Volume Spread Analysis wyckoff-phases-schematics

A stock that has been rising for weeks produces a bar with an ultra-wide spread and ultra-high volume, closing on the highs. The news is overwhelmingly positive.

Why does the KomFi framework suggest this might be the 'End of a Rising Market'?

  1. The good news will attract too many strong holders all at once, causing the market to become dangerously overcrowded before it eventually crashes lower.
  2. The close on the high is actually a trap here, because the price should instead have closed nearer the middle of the range to be a genuine markup bar.
  3. Excessive volume on an up-bar, especially on good news, often contains hidden selling as professionals use the euphoria to transfer their holdings.
  4. The wide spread shows that market-makers are marking the price up too fast to sustain, leading to an unhealthy overbought condition developing.

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