Wyckoff trading method, page-941

  1. 16,642 Posts.
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    yep, probably.....

    a massive gap up which closed poorly....most likely engineered to create some demand to sell into.
    At the time there was some small chance it was absorption volume, but the following (poor) down bars, and the break through the previous high, suggest it was a nasty event and not nice.....

    cheers
 
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