medium · Volume Spread Analysis effort-vs-result-spread
At the end of a long bull market, a stock produces its highest volume in six months on a day where the price reaches a fresh high but the spread is very narrow and the close is in the middle of the bar. The next day is a down-bar.
What VSA signal is this?
- End of a Rising Market (Supply Entering).
- A successful Test of supply.
- A 'Spring' maneuver occurring in new high ground.
- Potential Professional Buying at new highs.
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