This Looks Like Wyckoff Phase C — Don’t Get Shaken Out

I know this pullback has some people rattled, especially after the breakout above $5 and the sharp drop back into the low $4s.

But I really think what we’re seeing right now fits the Wyckoff accumulation pattern — specifically Phase C, which is often the “Spring” or shakeout phase.

This is where smart money does what it does best: create fear, force out weak hands, and scoop up shares from panicked retail.

The move down looks sharp, sure, but notice the volume — it’s not capitulation-level. It’s not panic-driven. And it’s coming right back into a previously established demand zone, which just so happens to line up with prior support and the .5–.618 Fib range from the last big impulse.

Wyckoff accumulation doesn’t move in straight lines. It moves in traps.

Phase C is designed to look like the breakdown. That’s the whole point. Shake out weak hands and test for remaining supply.

And if it holds here and reverses, that’s the signal we’re likely moving into Phase D — the beginning of the actual markup.

So for anyone staring at their position and feeling nervous — zoom out. Ask yourself if anything in the broader thesis has changed. And remember: strong hands accumulate during weakness, not strength.

This pullback might just be the test before the move.

Don’t get played by the pattern that was meant to play you.

https://www.wyckoffanalytics.com/wyckoff-method/