hard · Volume Spread Analysis

A 'Selling Climax' is traditionally followed by a period of sideways trading.

Why is an immediate V-shaped recovery considered 'unlikely' in standard VSA methodology?

  1. The 'herd instinct' requires at least 21 days to shift from a state of fear to a state of greed.
  2. Market-makers are prohibited by exchange rules from marking prices up more than 5% per day after a crash.
  3. Retail traders are too 'locked-in' and their constant selling pressure prevents any upward movement.
  4. The professionals who absorbed the panic need time to 'test' the market and verify that supply is truly exhausted.

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