Wyckoff trading method, page-453

As far as Wyckoff/VSA is concerned, there was no obvious entry on MIG prior to its rise today (even on the intraday charts I have looked at).
When we looked at it two days back, and I suggested that the last two bars suggested only temporary support in a downtrend.
The next bar was down strongly again on high volume after that (confirming the continued weakness),
and then price unexpectedly reverses sharply today.

No point kicking yourself over that one GF........the only long entry was on a straight out 'high risk punt' in a downtrend prior to today (where you would probably lose more often than win, if you took that same entry many times over),
and the point of this thread, and Wyckoff and VSA analysis overall, is to identify and trade clear understandable principles, and in turn reduce the risks of entries, and improve exits.

I agree, that something like a decent announcement must be pending or something (and word somehow got out), either that, or it is a mini pump for professionals to unload some more at a higher price before it falls further.

Worth watching to see if it retraces next, or just keep going higher......

cheers