hard · Volume Spread Analysis

A VSA practitioner observes 'Supply Swamping Demand.' What is the expected 'result' in price action following this 'effort'?

  1. A low-volume test of the highs to confirm that the sellers are exhausted.
  2. An immediate and sharp decline in price, as the extreme volume on the up-bar was clearly professional distribution.
  3. The market should consolidate sideways as professionals recharge for the next markup.
  4. The price should gap higher to continue the bullish momentum before professional selling starts.

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