medium · Volume Spread Analysis background-trend-context

An elite practitioner notices a 'Mushroom Top' formation. What does this indicate about the nature of the distribution phase?

  1. The market is preparing for a massive 'Dawn Raid' markup on high volume.
  2. The distribution is occurring slowly and subtly without a dramatic climactic event.
  3. The market is in a 'Shake-out' phase to remove the last of the short sellers.
  4. The professionals are aggressively accumulating stock at the top of the range.

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