Wyckoff trading method, page-215

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    NWZ Update-

    There was no positive response to the (mini) two bar reversal from last Thursday and Friday.
    However, price did move back through the body of last Thursday's downbar (which had found quite a bit of volume).
    And this time there was very little supply to be found (in comparison).
    Which suggest that selling pressure at this level has reduced, or has been removed (bought or withdrawn).
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    Z31.png
 
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