hard · Volume Spread Analysis wyckoff-phases-schematics
Following a Spring that undercut support on heavy volume, price rallies briefly, then pulls back to retest the Spring's low. Average 20-day volume is 1.5M shares. On the retest, volume is 0.63M, the spread is a narrow 0.15, price dips 0.10 below the Spring's low intrabar, and the bar closes in the upper half of its range.
How should this retest bar be classified within the Wyckoff markup transition?
- RV = 2.38 confirms renewed supply re-entering, invalidating the Spring and restarting accumulation.
- RV = 0.42 with the shallow undercut and firm close is a successful Test confirming the Spring here.
- RV = 0.42 signals a No Demand bar, meaning buyers have vanished and the rally attempt has failed.
- RV = 0.42 with the undercut is a second Spring, so a full new accumulation cycle must unfold first.
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