medium · Volume Spread Analysis background-trend-context

A practitioner identifies 'Stopping Volume' on Tuesday during a sharp decline. Wednesday's bar is a narrow-spread up-bar on low volume, and Thursday breaks below Tuesday's low.

What is the correct interpretation?

  1. This is simply a shake-out designed to clear out the very last of the weak holders.
  2. The market is in an accumulation phase, and Thursday's break should be read as a 'Spring'.
  3. The stopping volume was insufficient; the decline is continuing due to a negative response.
  4. Professional support is quietly being built here, and Thursday represents a genuine 'Test'.

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