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

If a bar has a narrow spread, an up-close, and high volume, what is the 'market-maker footprint' according to VSA principles?

  1. Professionals are withdrawing from the market to wait for news.
  2. Demand is overwhelming supply, leading to a massive rally.
  3. The market is in a period of complete equilibrium with no activity.
  4. Supply is entering and capping the upside.

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