Here's my interpretation, cheers Jako. [spoiler]

Here's my interpretation, cheers Jako.

Spoiler : Gap

A couple of things stick out to me about the 0.285 level.
1. It acted as upper resistance in the previous accumulation zone before the breakout and was gapped over on breakout.
2. When price re-tested the level there was strong support (high volume down bar after which price reacted upwards = hidden buying)
3. Price action preceding the two recent high volume down bars was trying very hard to avoid the 0.285 level, forming a channel just above it.

Anyone expecting support from the 0.285 level would have freaked out when price gapped over it and potentially sold out. We can see bar A is a wide spread down bar but closes quite close to the top on high volume suggesting there could have been a lot of buying going on.

To me it looks like the gap over 0.285 was engineered by market makers to freak out weak holders and soak up more shares and I would watch for a retest of the lows of then potentially a breakout above 0.285.

Edit: Bar A is the gap down bar, forgot to indicate on the picture.