Wyckoff trading method, page-1537

Hi @Jacko64,

Would this chart start to get your interest to follow for a bit or does it look to hard to resuscitate!
The chart is weekly ADO, one more day to go on the last bar.


I see a SOT from Mar-Jul2016, then a mark up into early August on reasonable volume, but not enough to carry through. It it has now drifted back down to that July 2016 support, where we now see a SOT again and some very large volume days (1 and 2) where the close has finished well off the lows and has not pushed further down to convincingly break that lowest support (although that may come).

There also has not been a higher high since that run in early Aug 2016, suggesting still plenty of weakness.
Depending on what happens tomorrow this weeks low volume on an up bar is also not very convincing.

In a stock with a severe down trend like this would you wait for confirmation through:
1) higher highs and lows
2) very high vol down thrust
3) a jump of the creek
4) a convincing close above a resistance level - say 4.5c, with a test of that
5) none of the above and run from it  :  )

Cheers,
z