yes that does look quite promising HF, good pick up. That stock...

yes that does look quite promising HF, good pick up.
That stock might be good for a bounce trade in the short term, or some range trading in the future.
But just be aware that stock has been in a (serious) downtrend for sometime, and may have just started moving sideways, so it could be quite a while before a breakout & new uptrend are started.

I think everyone who starts learning VSA and Wyckoff (myself included), spends lots of time looking for stocks which are bottoming out and have climactic action of some sort at a low. Usually because they want to buy at (or near) the absolute low on the chart.
But don't fall under any illusions here, most (almost all) stocks which bottom out like that, spend a period, sometimes a very very long period, in a sideways trading range (which in hindsight maybe seen as an accumulation zone), before actually breaking out successfully, and begin moving higher in a sustainable manner.
Not very often does a 'stock' perform a 'V' shaped recovery followed by a reliable uptrend (although currency, commodity and Index futures do it fairly regularly). Even with the strongest of VSA indicators (bag holding) , a stock may still take a reasonable time before changing trend.

Can I just suggest for anyone reading this thread - that Wyckoff himself, who amassed quite a fortune during his lifetime, never traded accumulation zones, or distribution zones, although he would note these area's and/or potential climactic action on charts when he came across them (for use later).
He always traded the larger 'better class' 'more liquid' stocks which had promising fundamentals, or at least an expected near term positive newsflow.
(although I understand that on the ASX, resource stocks and associated companies form a very large part of our market, and to some extent are hard to avoid, so perhaps take this into consideration when designing a set of trading rules, or perhaps at least look for stocks which will have an expected near term positive newsflow)

Wyckoff saw accumulation and distribution zones on the chart as having an increased risk for traders, as price direction and timing was still quite uncertain.

Wyckoff only traded the Markup (and Markdown) phases on the chart. In his opinion this was where the least risk was to be found.

When found, these stocks usually had an accumulation zone in the background (a good sign of strength), a successful (tested) breakout had already occurred, and the stock was now being supported (protected) by the market, as the price was slowly but surely taken higher. Wyckoff found he could ride these mark up phases with confidence, so long as the overall market and/or the individual sector are all in harmony with each other. There is little point opening a new long position on a stock if the overall market or individual sector is in a downtrend, or is about to tank. And even if a new long position is taken & it does work out OK, the long position is likely to be subdued in its movement against the overall market, compared to if they were both working together, and it would also be a concerning position to hold for the trader.
Although if the sector was positive and uptrending, but the overall market was negative, the position could still be considered OK for a hold (like backing a Gold stock when the overall market is tanking).

So keep this in mind, as it will help to keep you out of trouble.....(although I concede it might be a little more boring than actively trading spec stocks).
Perhaps keep a list of stocks which either have an accumulation zone in the background, and/or are in a trading range or potential re-accumulation zone, and/or have strong climactic action (of some sort) in the background. And on that list, also make a note of what level a breakout would occur.
And when that breakout level is successfully exceeded, that is when your 'radar' should go up and an entry could be considered (especially if the overall market or sector is also in harmony).

Also keep an eye out for stocks which are already in a strong uptrend, and are potentially being supported by the market, as they can be bought when they test new breakouts during their uptrend.