@WyckoffAnalysis Maybe accumulation.
huge supply bars but not achieving result downside. Absorption of this supply on AR level.
I think last mini TR could be absorption.
@WyckoffAnalysis Both has high volume (2nd bar lower volume) both with wide spread and has same result that breaks resistance to the left.
Two SOS bars jumping across creek
Probably a continuation upside
@WyckoffAnalysis Buying climax followed by change of behavior.
This trading range probably will be a re-accumulation due to the big re-accumulation before it.
@WyckoffAnalysis I think it's re-accumulation because:
All the volume on the way up has been absorbed
Trading range no down side progress
Also, because of the lower accumulation range
@WyckoffAnalysis Distribution
The rally above BC is deceiving because it is progressing above level on low volume.
Following reaction wipes this progress on increasing volume. Final leg down also is deceiving.
@WyckoffAnalysis Supply absorption at SC. Not sure this is enough for accumulation, may be profit taking.
No significant buying in this small trading range which came after big distribution range.
Last big volume (demand) has a wide spread but no significant close.
I think this distribution.