Okay… that’s a huge sign that the brakes are being pumped. Not a signal to just hop in (imo) you can consider allowing it to develop into a recognizable accumulation pattern. It needs to test for any remaining supply… once that supply area is set and cleared, we may indeed see a mark up.

Of course you must use your own judgement and control your emotions. Never go all in on the advice of a stranger. This is not financial advice. It is my opinion based on volume .

That is very notable. It sorta represents a bear trap. Let’s see how this develops. Take a look at your Wycoff accumulation and distribution schematics… then compare them to what you see to the left of the chart… it is NOT a perfect science but it is a guide. Anything can and will happen. This is why you don’t want to throw all of your capital at it. Base hits win the game. Patience pays.

If you want to broaden your understanding of volume analysis, since it is the most reliable indicator hands down, check out Pete faders VSA YouTube channel for free instruction.