medium · Volume Price Analysis validation

Consider a 'Price Waterfall' in a commodity ETF. If the daily candles are wide-spread bearish but the volume is declining day-over-day, how should the practitioner interpret the decline?

  1. This marks a 'Selling Climax' reaching its final phase here
  2. Institutional sellers are aggressively driving the price ever lower
  3. The move is fully validated, so positions should now be added on this strength
  4. The market is falling under its own weight and a reversal is imminent

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