medium · Volume Price Analysis

A trader sees a 'Hanging Man' on a daily chart. They check the tick volume and find it is significantly below the 50-day average.

According to the 'Binary Question' of VPA, what is the conclusion?

  1. The signal is not validated by volume and should be treated with caution.
  2. The signal is a 'trap down' move by the insiders.
  3. The signal is a 'No Demand' bar confirming the end of the trend.
  4. The signal is a bullish validation for a trend continuation.

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