Wyckoff trading method, page-439

Ah yes, I see it (I filled in the gap so you can picture the True Range of the bar).

Price really accelerated lower yesterday didn't it...and volume was very high.....and it does look as though it may be climactic of some sort.
(confirmation of any strong buying, would come with an up bar today, and if it can't bounce today, then any buying was not enough to stop the downtrend, and any short term positions may then be dumped , in turn causing another widespread downbar.)
If it is (climactic), then it should bounce today (within a supply vacuum). and I would suggest price is likely to find supply coming in again around the close of Monday's bar (I put a line and arrow there). That is not to say THAT IS where supply will arrive, that is just my suggestion (and wherever supply does came in, will usually suggest where the strong buying first came in....)


And for those interested in the TG software, I left the indicators on for this chart, and as you can see, the computer only sees the individual bars (and a few two bar set ups), and does not put the chart into context. It just fires off new indicators, regardless of the failure of the previous bar.....
I guess it is just a dumb computer in the end, and only does what it was told to do.
Anyway, when I do this, you get a picture in your head of the different kinds of climactic bars and volumes, so it is not all bad.

cheers