medium · Volume Spread Analysis background-trend-context
A practitioner identifies an 'Effort to Rise' bar (wide spread up, high volume) that is immediately followed by a down-bar closing on its low.
How is this two-bar sequence interpreted?
- As 'No Result from Effort,' confirming the high volume contained professional selling.
- As a sign of strength because of the initial high-volume effort.
- As a successful test of the prior high.
- As professional support capping the downside.
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