Wyckoff trading method, page-1738

Hi @Beany72 - if this holds above 039 then I'd say that at least temporarily it's been knocked out of its downtrend and is moving sideways. Check out the 3 standout volume bars in the sideways movement - they look like absorption to me. It's too early yet, but if you like the fundamentals keep it on your watchlist for more reinforcing signs. If it does play out 039 to 047 looks like the potential accumulation range. I'd want to see further confirmations though.