What intrigued me, however, was how the played a factor, at least retrospectively.
I didn't point this out on my chart but here's how:
From the bottom of A up towards to B, high volumes produced more higher prices, demand.
The gap at the beginning of B saw high , which stagnated prices before an artificial markup in prices, leading to the retracement towards the .618 shaded area.
High Volumes at C initiated the rally with bars along the way propelling price.
As we reached the Golden Ratio, 1.618, not only was not heavy (meaning this down move is only temporary), but the higher bars in that zone produced a stagnation of prices and an eventual drop.
Finally, like I noted in my first TradingView post, the spike we saw on Thursday not only completed a 222, it also had a former TL and 200 MA supporting it. RSI/MACD Divergence as well.