medium · Volume Spread Analysis effort-vs-result-spread
At a potential market top, why is a 'no-demand' bar at a known resistance level considered more significant than one appearing in the middle of a range?
- The lack of demand at a level where selling is expected confirms professionals are not interested in pushing through the supply.
- Professional money uses resistance to mask their buying activity through dark pools.
- Resistance levels naturally attract high volume, making low volume irrelevant.
- Resistance levels are the only places where the herd instinct is completely absent.
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