Yeah, I also wondered that.... @Beany72 will probably know......
Looks nasty !!
At this point it can really only be a breakdown, or half a shakeout (reversal of some type)....not much else fits.
So if it is a breakdown........I have been considering this sideways action as part of a re-accumulation, and that means they dumped (or have started to dump) their position.
And if it is 'half a shakeout' there should be a strong recovery on reduced volume in the coming days, and would suggest the re-accumulation may almost be completed.
