SUI's Fascinating "Complex Wyckoff Reaccumulation" Pattern

SUI seems stuck in a dance. It's moving between $3.85 and $4.08 in what looks like a complex Wyckoff reaccumulation phase. Not just simple back-and-forth. This might be temporary. After this, we could see it jump toward $4.50 in what chart nerds might call a fifth Elliott wave.

Market makers are playing games. Testing both sides. They're shaking out the weak hands. Lots of fakeouts happening. Those Upward Thrusts (UT)? Classic traps for eager buyers who jump in too soon. Kind of cruel if you think about it.

The pattern has these Multiple Springs. Strange name. Price dips below support. Triggers stop losses. Then reverses. Sneaky! It's pretty textbook Wyckoff reaccumulation stuff. These typically form after prices have been rising for a while. Support looks stronger than resistance here.

According to Wyckoff theory, these consolidation phases often come before big moves. Volume usually drops during consolidation. But it spikes when testing support levels. It's not entirely clear when we'll break out, but when it happens, watch the volume. The strongest breakouts show massive volume when price finally pushes above resistance.