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

A 'Supply Overcoming Demand' signal appears as a high-volume up-bar with a down-bar follow-through.

What does this indicate about the 'Market Cycle' phase?

  1. It indicates that a fresh 'Re-accumulation' zone is beginning to form within the broader range.
  2. The mark-up phase is likely ending and the distribution phase is becoming dominant.
  3. The market is entering the final 'Spring' phase near the end of an accumulation range.
  4. The professionals have just finished executing a climactic 'Selling Climax' pattern.

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