Finished the daily. Don't like the way it was behaving in Jan/Feb but it starts to sort itself out in March. 18th Jan High vol reasonable spread closing on high. 19 Jan encounters supply, slightly lower volume than previous bar gaining double the spread but closing in lower half indicating hidden selling - sign of potential weakness.. 20th low volume failed test. 23rd lower volume successful second test. 24th higher volume good ease of movement compared to 18 jan (1/3 of volume to achieve same spread) confirms supply has been absorbed. 25th slightly lower vol wide spread closing on high (compared to prev bar less than half the volume to achieve only slightly lower spread).
This is where it starts getting messy.
27th Jan high vol selloff closing at low. From here it appears interest is lost and there are a series of low volume shakeouts & failed tests as the price drifts lower.
20th Feb closes up on no volume. 21st strong close on higher volume (similar vol & spread to 24th Jan). 22nd low vol large spread closing at bottom. 23rd successful test. 24th largest vol to date (just) widest spread closing at top (compared to 18th Jan similar vol for triple spread, but compared to 25th jan 3 times the volume for only 50% more spread) indicates hidden supply in terms of ease of movement. 27th hidden supply confirmed with high vol selloff (similar to 27 jan but tighter spread). 28th Feb narrow spread up on light volume closing at top.
1 Mar wide spread down bar on light volume closing just off the low indicating some support (similar vol to 30 Jan but wider spread). 2nd similar vol to prev bar closing on high modest spread - confirmation of hidden support in previous bar (similar vol & spread to 21 Feb). 3 mar nothing day. 6th no demand. 7th shakeout on low vol closing mid bar wide spread. 8th medium vol successful test. 9th spring. 10th successful test. 13th no demand. 14th absorbtion. 15th no demand. 16th gap up on supply vaccuum. 17th shakeout. 20th no demand. 21st no demand. 22nd shakeout. 23rd Mar largest vol to date largest spread to date closing low on the bar indicating hidden supply (compared to 24 Feb double the volume for only 1 point more of spread - confirming the effort involved in rising). 24th large volume closing on high (compared to previous bar lower vol slightly lower spread).
Monday will tell if the supply that seems to enter above 50 has been cleaned out.