easy · Volume Spread Analysis supply-demand-smart-money
Price reaches resistance on high volume but gains little range and closes below the high. No additional confirmation has appeared yet.
Before acting, what is the most disciplined conclusion about “price response at a level”?
- Treat the observation as provisional evidence consistent with price response at a level, then compare background and subsequent bars before increasing confidence.
- Treat the observation as provisional evidence consistent with strong-holder and weak-holder language, then compare background and subsequent bars before increasing confidence.
- Treat the observation as provisional evidence consistent with change in supply-demand balance, then compare background and subsequent bars before increasing confidence.
- Treat the observation as provisional evidence consistent with composite-operator heuristic, then compare background and subsequent bars before increasing confidence.
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