easy · Volume Price Analysis

When interpreting a 'Long-Legged Doji' that occurs on high volume, what is the primary narrative?

1. The market is simply sitting in a quiet 'No Demand' state.
2. The trend has been fully validated and should now accelerate higher.
3. Insiders were stop-hunting to flush out and clear overleveraged retail positions.
4. A fierce battle occurred between buyers and sellers ending in a draw.

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