medium · Volume Spread Analysis climaxes-tests-springs-upthrusts
In a distribution range, price attempts a rally on low volume, and the bar closes in the middle with a narrow spread.
How is this interpreted?
- Absorption of retail sellers by the market-makers
- No demand, indicating professional absence on the buy side
- No selling pressure at all, signaling a fresh trend continuation higher
- A successful test of the recent distribution highs on the chart
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