medium · Volume Spread Analysis wyckoff-phases-schematics

An up-bar has volume lower than the previous two bars, a narrow spread, and a close in the middle.

If this occurs after a 'Shake-out' in an uptrend, what is the correct interpretation?

  1. A brand new accumulation phase is only just now starting here
  2. The professionals are quietly selling their remaining inventory into the rally
  3. The market is being marked up with minimum resistance (supply is thin)
  4. This is a classic No Demand signal, indicating the current uptrend has likely ended

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