Trading Volumes and Price, page-181

"My view hasn't changed much from my last chart. Yellow line is the play so far, although possible we'll need to add another contraction to it(with a higher low i.e above 65c, probably 70c or higher and shorter duration) to absorb the short termers from the SPP. "

What I want to see is these contractions getting shallower and shorter in duration so we get a series of higher lows with shorter time frames on the contractions = this is the evidence that supply is reducing. Once that supply is absorbed then it's off to the races with little resistance.

Here is a pretty good example of a long, contracting stage 1 continuation base https://hotcopper.com.au/posts/42403351/single and that was a multi billion $ company that has doubled since then. This is much earlier stage and imo will multi bhag