Gold · H4
Upthrust Chart Study
A wide push to a new high meets high volume and closes in its lower third; the next bars confirm supply.
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The high-volume breakout does not hold. Exceptional effort produces rejection rather than continued progress, and subsequent lower closes confirm distributional weakness.
- Market phase
- Distribution
- Pattern
- Upthrust
- Timeframe
- H4
What the bars show
A wide push to a new high meets high volume and closes in its lower third; the next bars confirm supply.
The high-volume breakout does not hold. Exceptional effort produces rejection rather than continued progress, and subsequent lower closes confirm distributional weakness.