A sharp move below support during an accumulation phase designed to shake out weak holders before the markup phase begins. A key Wyckoff event.
Spring (Wyckoff) is a core Smart Money Concepts (SMC) building block. Institutional desks leave this footprint on the chart — recognising it is what gives SMC traders their edge over retail.
Price sprung below the accumulation range by 20 pips, swept stop losses, then launched into a 200-pip rally.
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