Good Job
@Brumbypat,
yes I pretty much understand what you can see, & agree with that, although I would call it absorption (of supply), as opposed to accumulation, but in the end they are very similar processes, and it is just a difference in terminology.
The first two zones are part of the absorption or accumulation process for sure I reckon.
However the last one is more like a series of (violent) pullbacks and shakeouts, probably to encourage any holders waiting above, that may be inclined to sell, to do so, which will help to clear the way for a breakout above the previous three highs, (can you see those three adjacent highs between ~$5.00 and $5.34 ??, any supply waiting there intending to sell is encouraged to sell by that vigorous up/down price movement. And when that potential supply has been removed, it is far easier & cheaper for price to accelerate upwards without having to negotiate the seller's who were waiting above).
Finally, while gap theory is not part of the Wyckoff or VSA education, it would appear that gap is a 'breakaway' gap, which has a much reduced fill rate (but is not zero). So there is an increased chance it may not be filled.
Good job on the T/A
cheers
