AEMULUS create spring, currently only strong holder
1. **Accumulation and Distribution Phases**:
- There's a clear accumulation phase between November 2023 and February 2024, showing price consolidation at lower levels.
- A distribution phase appears from June to August 2024, with price making higher highs before reversing.
2. **Wyckoff Schematics**:
- The chart shows a "Spring" around March 2023 (when price broke below support then quickly reversed).
- Several "Tests" of resistance levels are visible, particularly around June-July 2024.
- The "Sign of Strength" rally is evident from February to May 2024.
3. **Volume Analysis**:
- Volume increased during the early 2024 uptrend (accumulation confirmation)
- The May 2024 peak showed high volume (distribution), followed by decreasing volume as price declined.
- Recent selling has occurred on increased volume (bearish confirmation).
4. **Price/Volume Relationships**:
- Price rises on increasing volume (bullish)
- Price drops on increasing volume (bearish)
- Several instances of "effort vs. result" divergence, where large volume (effort) produced minimal price movement (result).
5. **Current Positioning**:
- The stock appears to be in a re-accumulation or possibly continued distribution phase.
- The recent lower highs and lower lows suggest continued weakness.
- The multiple "Sell" signals on the chart align with Wyckoff's distribution concept.
The Fibonacci retracement levels (0.382, 0.5, 0.618) shown on the chart support the Wyckoff analysis, with price respecting these key levels during both advances and declines.
