easy · Volume Spread Analysis background-trend-context

After a massive sell-off, you see the largest volume spike in months on a wide down-bar that closes mid-range.

What long-term cycle phase might this begin?

  1. The start of a distribution phase to offload stock.
  2. The start of an accumulation phase after a selling climax.
  3. A mark-down phase as the collapse accelerates.
  4. A no-selling-pressure phase that immediately leads to a breakout.

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