Buying Climax

Buying Climax occurs when after prolonged up-trend price makes strong opening
on extremely high(Ultra high) volume and narrow price spread.

This Volume-Price pattern is characterized by an exceptionally high volume to the price

upside.

Mechanics behind Buying Climax

Because the huge buying pressure price strongly moves up, yet, it runs into a strong
Bearish pressure from the "Smart Money". The "Smart Money" have to put a lot of fight
(Supply) to beat the strong Bullish pressure. As a result, the Bullish pressure get exhausted
and the "Smart Money" distributed (dumped) all they wanted.

What we have to see:

 Price should be in an up-trend minimum 15 TO 20 Candles.
 The last up-trend bar should be on extremely high (ultra high) volume - this tells us
that the up-trend was fueled by the strong Bulls and the "Smart Money had to put a
lot of selling pressure to overcome these strong Bulls.
 Ideally, last up-trend bar should be narrow bar at new highs, yet, it could be long
bar with close below the middle of the bar (long upper shadow if candlesticks are
used). This tells us that strong selling pressure of the Smart Money beat the Strong
Bulls and they yielded to it.
 Market can make another buying climax after making 1st BC.
 Market can make another bullish candle after making BC.
 Here under some shapes of BC;

uptrend