Wyckoff trading method, page-1439

A couple of charts caught my eye tonight.

LPI has a widespread gap upbar on very high relative volume, which closed poorly at its low (a potential upthrust in VSA terms....unconfirmed as yet)
This will likely be either very bad (a serious supply event), or very good (potential absorption of the stale supply to the left).
Next bar (or two) will likely tell the story.


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The weekly bar on SMN may have broken down (again), although the bar has not completed yet.
The two previous breakdowns are pretty much textbook & very clean, so I thought I would post it.
A breakdown bar is usually a widespread down bar which is used to trap holders into a losing position, or to intentionally take price down a level.  
It generally describes price as breaking below a support level with 'intent' (and is usually a deliberately engineered price movement).
Following the breakdown bar, fresh new support is eventually found, and price goes sideways for a bit.
Then price will often make an attempt to recover the lost ground and upthrust the breakdown line (wyckoff style upthrust), or not even show enough strength to properly challenge the breakdown line at all, and in either case price will usually fail to recover the lost ground.....because whoever has engineered the breakdown in the first place, has an interest in defending the line, and will not allow a recovery, at least not without a pretty decent fight.


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and interestingly, here is the same chart flipped upside down...... as I have mentioned many times before, the mirror image opposite is usually the case.
Now the breakdown bars are breakout bars, and the breakdown lines are breakout lines.