Once the floating supply is fully absorbed, the path of least resistance is upward. Institutions push the price higher through a markup phase. During this phase, pullbacks occur on low volume (lack of selling pressure), and upward impulses occur on healthy, expanding volume. Phase 3: Distribution (Selling)
Much later, in the 1970s, —who worked with a syndicate (smart money) for 15 years—developed Wyckoff's work and created what we now know as Volume Spread Analysis, later commercializing it through his company TradeGuider. vsa trading strategy pdf
This public link is valid for 7 days and shares a thread, including any personal information you added. This link or copies made by others cannot be deleted. If you share with third parties, their policies apply. Can’t copy the link right now. Try again later. Once the floating supply is fully absorbed, the
Here are a few PDF resources on VSA trading strategy: Phase 3: Distribution (Selling) Much later, in the
– Does the close confirm the volume? (e.g., High volume up-bar with a high close).
Volume Spread Analysis (VSA) is a method that studies the relationship between volume, price spread (high–low), and closing price to infer the activity of professional traders (smart money). VSA aims to detect supply and demand imbalances, points of accumulation/distribution, and likely directional bias.