Wyckoff trading method, page-810

Yep, spot on, it was sort of what I expected, price appears to be accumulating in a zone.
Those upthrusty (daily) bars were part of the accumulation/absorption process, attempting to flush out supply both to buy it, and also to encourage holders who were holding at a loss, to come down a take the loss, as that will also reduce the amount of supply they will need to absorb on breakout and mark up.

Here is my weekly chart with the two most obvious lines on it.



cheers