Hi Beany
At the time of that ugly downbar (27/4) I had labelled it as "support/absorption?" due to the hidden buying (close off the low) - I probably should have labelled it as Potential Stopping Volume/Selling Climax, the next bar was an Automatic Rally/Reaction/Supply Vaccuum, and the result appears to be that the SP has been knocked into a sideways trading range.
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Wyckoff trading method, page-1856
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