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Primary Support (PS): The first level where buyers show interest after a downtrend.
Selling Climax (SC): A sharp drop in price where panic selling occurs, leading to high volume.
Automatic Rally (AR): Price bounces naturally after SC as selling pressure eases.
Secondary Test (ST): Price revisits SC area to confirm selling has dried up.
Secondary Support (SS): A secondary level where the price finds strong buying again.
Spring: A final shakeout below support to trap sellers before real move starts.
Last Point of Support (LPS): After Spring, price holds support and builds strength.
Sign of Strength (SOS): Price rallies strongly above resistance with increasing volume.
Backup to LPS (BU/LPS): A healthy pullback to previous resistance, now turned support, before major uptrend.
Summary:
Wyckoff Accumulation Phase marks the transition from bearish to bullish trend. Smart Money creates liquidity, traps retail traders, and then initiates powerful upward moves.
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