Wyckoff trading method, page-209

NWZ Update-
Once again no trigger for any momentum trade.
(and any accumulation trades would have probably been stopped out last Monday)

NWZ gapped below the trendline and the prior recent trading, on an increase in volume as price broke down on Thursday.
Gapping down like that traps current holders into a losing (weak) position, where they are vulnerable to selling out for a loss.
It appears that price will form another leg down now (leaving the previous lines above as resistance), with the most likely levels 2.8cps and 3cps.