hard · Volume Price Analysis
A trader is analyzing a potential 'Triple Top'. Peak 1: high volume shooting star. Peak 2: average volume star. Peak 3: low volume star.
What does this progression suggest about the 'Cause and Effect' law?
- The effect will be a bullish breakout because sellers are not returning
- The cause (distribution) is maturing and the effect (markdown) is likely to be significant
- The cause is a 'Buying Climax' that will lead to a markup campaign
- The cause is failing because volume is declining instead of rising
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