hard · Volume Spread Analysis supply-demand-smart-money

A 'Mushroom Top' distribution pattern differs from a 'Buying Climax' primarily in that:

  1. The Mushroom Top takes place on low volume while the Buying Climax occurs on ultra-high volume.
  2. The Mushroom Top only occurs in bear markets as a corrective rally, while the Buying Climax is restricted to bull market peaks.
  3. The Mushroom Top is a slow, gradual rounding-over of prices while the Buying Climax is a dramatic, high-volume event into new highs.
  4. The Buying Climax is a sign of strength while the Mushroom Top is a sign of weakness.

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