No worries, that's cool.
The PS will usually be seen as a strong buying event, which may look like it itself is the potential bottom at the time, but then price (unexpectedly to the punters) continues even lower, where (usually) even stronger support comes in as holders capitulate.
Yes, you did have the story well sorted, and I understand what you were seeing.....and it made sense.
No need to actually quote the dollar value, just do the calculation from time to time & you will get an idea of what sort of values have what sort of responses. For instance, if an illiquid stock only trades 40,000 shares per week on average, and the stock trades at roughly fifty cents (so only 20K per week in dollar value on average), when you see a volume spike of 120,000 shares on a particular week, it will dwarf the average volume on the chart, and might look climactic, but will only represent 60,000 dollars traded for the week (which not a huge amount really).
Then if you were still unsure how important a certain amount of volume was, you could look at how much stock is on issue, and consider that alone. Or take it a step further than that, and find the top 20 shareholder, and compare the volume against the Shares On Issue minus the top 20's holding, or the SOI minus the major shareholders only.
I usually depict the creek as a major straight horizontal line as well (I realise Wyckoff pictured it as a wavy line).
I show it at the highs of the trading range, and I also consider 'minor branches of the creek' within the overall trading range as well (which I think of as a complex low).
Sorry, I didn't understand the 'to be confirmed', and now see what you meant......
good overall job anyway, I look forward to seeing some more.
cheers
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