S&P 500 · D1

Selling Climax Chart Study

The widest down bar posts the chart's highest volume, rejects its low, and is followed by a rally.

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The widest down bar posts the chart's highest volume, rejects its low, and is followed by a rally.
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Panic supply is absorbed near the end of a decline. The close off the low and immediate response are the evidence; high volume alone would not be enough.

Market phase
Accumulation
Pattern
Selling Climax
Timeframe
D1
S&P 500AccumulationIntermediateTrend after pattern: Up

What the bars show

The widest down bar posts the chart's highest volume, rejects its low, and is followed by a rally.

Panic supply is absorbed near the end of a decline. The close off the low and immediate response are the evidence; high volume alone would not be enough.