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

A VSA practitioner observes 'Supply Swamping Demand.' What is the expected 'result' in price action following this 'effort'?

  1. A low-volume test of the highs, confirming that the remaining sellers have finally been exhausted completely.
  2. An immediate and sharp decline in price, as the extreme volume on the up-bar was clearly professional distribution.
  3. The market should simply consolidate sideways in a narrow range as professionals quietly recharge for the next markup leg.
  4. The price should gap sharply higher to extend the bullish momentum well further before any professional selling even starts.

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