Price not able to maintain support, now retesting 16550-16750 as primary support. Deeper target would be width of the large wedge but it's very plausible to make a higher low at later range and continue upwards.
Good support at 15900-16150 and deep support at 14750-15300.
An updated version of the last Wyckoff chart.
I’ve been looking at the bigger time frame where I noticed a strong shake-out when the price fell to the ATL or just above it. Some new entity was lucky and got his bags filled while price returned up again.
I consider this event ‘the spring’, where a big holder got shaken out (either by choice or accident, read...