hard · Volume Spread Analysis wyckoff-phases-schematics
In a textbook Wyckoff accumulation schematic, a Spring (Phase C) is followed by a rally into Phase D, then a reaction that holds well above the Spring low on visibly diminished volume — the Last Point of Support (LPS). A purist now demands the single piece of evidence that most rigorously confirms the Spring was genuine rather than a failed test.
Which observation provides that confirmation?
- The reaction to the LPS holds above the Spring low while contracting spread and volume show supply has dried up, and the subsequent rally breaks above the trading range on expanding demand (Sign of Strength)
- The Spring itself printed the widest down-spread bar of the entire range, proving the stops below support were decisively triggered
- The rally off the Spring reached the upper boundary of the range, confirming the move had enough thrust to escape the Creek
- Volume on the Spring bar exceeded volume on the prior Automatic Rally, showing that the smart money committed maximum size at the low
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