medium · Volume Price Analysis validation

What does the Law of Effort vs. Result suggest about this price action?

1. The price action is validated because the market fell under its own weight.
2. There is a significant divergence as the result vastly exceeds the effort applied.
3. The effort is proportionate to the result because the wide spread met no real resistance.
4. The lack of accompanying volume simply confirms that no genuine demand remains in the market.

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