Wyckoff trading method, page-1750

I only had a quick look at the weekly for an overall view, and without going into any serious detail, there appeared to be an accumulation of some sort in the background....which is generally positive. More recently price had accelerated up and out of that zone, and was now adjacent to a previous supply zone (to the left), where some holders were likely to be stuck holding losing positions. And it was now quite likely that older stale supply was being drawn out from that supply zone, and it was probably this increased supply which has now knocked price sideways.
When supply comes in it is usually from a combination of three sources. Profit taking from below, Stale supply from the left, or New Short Positions being established. One of these will usually be the majority, and I expect in this case "stale supply from the left" is the most likely cause of the increased supply.
So I imagine what is going on is some sort of attempt at absorbing the supply being drawn out.....in an effort to consolidate the recent gains.......and if supply becomes overwhelming, it will knock price down a bit more (or price might pull back somewhat, shakeout, or do something more vigorous or violent, in an attempt to remove the supply), and alternatively - if the absorption process is successful, price will accelerate away again sometime in the future.

cheers