TA discussion, page-5718

Still looks a lot like a Wyckoff Spring to me ARMCH. If so the next few weeks will be important. Only time will tell.

“A Wyckoff Spring occurs when an instrument falls below a clearly defined trading range (particularly a closely monitored support shelf), makes a new “panic bottom” (maybe indicated by a huge lower shadow in a candle chart) — and then “springs” back or recaptures the violated support level. This pattern is normally spotted in the “Accumulation” phase of the market cycle, and offers a superior risk/reward trade opportunity.”