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

A bullish two-bar reversal appears at the bottom of a range.

If the volume on Bar 2 is significantly lower than Bar 1, what is the VSA takeaway?

  1. The market is likely to collapse further because professionals didn't buy the second bar.
  2. The supply was exhausted on Bar 1, making the price easy to mark up on Bar 2.
  3. The reversal is a fake move designed to trap the buyers before a new low.
  4. The move is weak because there is no 'demand' supporting the rise.

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