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

Why is 'Ultra-High Volume' on a wide-spread up-bar into new high ground considered 'Dangerous' rather than 'Bullish'?

  1. It indicates that supply has entered the market and professionals are distributing into the frenzy.
  2. It signals that the Composite Operator has abruptly run out of capital needed to keep supporting the move.
  3. It means the market-maker is deliberately marking the price down in reaction to a fresh piece of good news.
  4. High volume always forces the price to crash immediately afterward due to simple mathematical gravity.

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