Wyckoff trading method, page-250

NWZ Update-

The sideways trading action continues......
Volume increased again on Friday, and on that volume spread (or range) also increased, as price swept lower to make a new recent low, however, it then recovered to close back at the lows of Thursday's bar, and just above midbar.  This appears to be a shakeout below the past five trading days.
It will be interesting to see if a test (a narrow spread down bar, closing mid to high, on low volume) comes next....