medium · Volume Spread Analysis effort-vs-result-spread
In VSA terminology, what does 'Effort versus Result' imply when a wide-spread up-bar on ultra-high volume fails to produce an up-move the next day?
- The market is entering a 'no-demand' phase by definition.
- The result is delayed and will manifest after a 3-bar grace period.
- The effort was successful because the volume was high.
- The high volume must have contained significant selling, indicating weakness despite the upward direction.
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