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

A beginner is learning the VSA term “change in supply-demand balance.”

Which description best defines “change in supply-demand balance” in this curriculum?

  1. Wyckoff shorthand for contrasting participants able to hold through risk with participants more likely to react under pressure
  2. a shift from prior ease of movement toward either stronger demand or stronger supply
  3. a cautious deduction of unobserved opposing orders from unusually large volume and unexpectedly small price movement
  4. unusually heavy activity that coincides with a prior move losing progress, suggesting opposition may be stopping it

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