Technical_Analysis_page_455

Technical | Analysis page 455 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

426 Part V Trend Confirmation Volume Spike and Climax A climax usually marks the end of a trend and either a subsequent reversal or consolidation. Cli- maxes come in many forms, however, and are not always identifiable except in retrospect. Gen- erally, climaxes occur with one of the short-term…