$BWPT if you're good at analyzing volume, you must have noticed something big is underway. Here's what I see:
@ bar 1: The bulls are getting screwed. Gap up at the open, then..bull trap!
@ bar 2: The bears are getting screwed. The opposite happened. The bulls who became bears got washed out.
@ bar 3 (today): This is a continuation of yesterday's screwing efforts. If you think this is a genuine selling pressure...think again. With all of this increase in volume, look where the price is...nowhere!
This is an ideal situation to start a mark up operation. Lock 'em up. Force everybody to chase the market after they got kicked out.
Of course, I could be wrong. Smart money could be wrong too..got overwhelmed by market force and have to flee. But what are the chances?
You do what you gotta do. Take this writing as me sharing knowledge how a Wyckoff practitioner sees a market. One of the best thing you can do is disagree with me with your study and interpretation.