Wyckoff trading method, page-43

So, no takers.....

The only way to resolve the inconsistency between those two bars, is that there was hidden or concealed buying within the down bar marked 'PSV'.
And this support/buying/accumulation (or whatever else you might like to call it) narrowed the spread of the bar, and stopped the bar losing as much ground, as compared to the other similar widespread breakdown bar.

PSV = Potential Stopping Volume

I suggest there is the potential that the volume on that down bar may have been sufficient (enough) to 'stop' the downward stride (trend), and at least knock the price sideways, and perhaps be the beginnings of some strength in the stock.

This thought is supported by the next bar which is an upbar (how could price close higher if all that volume was selling on the downbar).  And all of the trading the next day was above the previous bar's close.
Yes I know it looks like a nasty upthrust...... but it isn't really in the right position for an upthrust, and it didn't act like an upthrust (next bar was not lower).
So, it is not an upthrust....even if it looks like it is.......
VSA does not really have a word for this type of bar......we have tried naming it (but that is another story...for another time)
But if we look over at Wyckoff for an answer.....without going into too much detail right now (later maybe), it is a potential absorption bar.
Where the supply present (selling pressure) has been absorbed.....which is also further confirmation of the potential stopping volume.
and to help confirm the absorption theory, the next bar is also up.

get it so far ???

more later.....

cheers