medium · Volume Spread Analysis effort-vs-result-spread

A practitioner observes a 'Falling Pressure' signal. Which of the following correctly describes its characteristics and meaning?

  1. A narrow-spread down-bar on high volume; it shows professionals are aggressively selling into a support level.
  2. A wide-spread down-bar on low volume, closing on the low; it suggests the decline is losing momentum as professionals are not driving it.
  3. A bar that closes in the upper third during a downtrend on low volume, indicating a successful test.
  4. A wide-spread up-bar on low volume; it shows the path of least resistance is up because there are no sellers.

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