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  2. A Spike High is identified by: a High sharply above the days on either side, a Close near the day's Low, and a strong preceding rally. The more extreme each of these conditions are, the greater the likelihood of a reversal.
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    A Spike High is identified by: a High sharply above the days on either side, a Close near the day's Low, and a strong preceding rally. The more extreme each of these conditions are, the greater the likelihood of a reversal.
    www.incrediblecharts.com/technical/spikes.php
    An upward Point and Figure spike, where a rally exceeds the previous column of Xs by at least 10 boxes. This is a signal to take profits: spikes can reverse sharply and there is nothing worse than seeing those hard-earned profits disappear before your eyes.
    www.incrediblecharts.com/technical/point_figure_s…
    A spike chart means when the price of a financial instrument suddenly rises or declines in a very short period. It occurs because of news or new information that leads a huge number of investors to enter the market.
    patternswizard.com/explain-spike-chart/
    The spike top (also called a V-reversal) pictures a sudden change in trend. What distinguishes the spike from the other reversal patterns is the absence of a transition period, which is sideways price action on the chart constituting topping or bottoming activity. This type of pattern marks a dramatic change in trend with little or no warning.
    www.5paisa.com/finschool/course/technical-analysi…
    Spike candlestick refers to an erratic rise in price, usually caused by new information coming into the market. The price breaks the previous trend to shoot high during the day but closes near the previous range.
    www.angelone.in/knowledge-center/share-market/s…
     
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