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

A trader sees a 'no-demand' bar on a daily chart. To resolve the ambiguity, they look at the 60-minute intraday chart for that same day.

What sequence on the intraday chart would confirm the daily 'no-demand' signal is genuinely bearish?

  1. The volume was evenly distributed throughout every hour of the day, showing consistent participation.
  2. The intraday chart shows 'stopping volume' appearing at every minor dip throughout the trading day.
  3. The intraday chart shows prices being marked up on low volume in the morning, followed by a 'hidden up-thrust' late in the session.
  4. The intraday chart shows a series of 'tests' and 'shake-outs' during the lunchtime lull that were all successful.

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