Professional
Context
A downtrend pauses in a range but rallies remain weak and supply reappears.
Illustrative campaign snapshot 40: the structure is synthetic and designed only to isolate the evidence sequence for redistribution structure.
Evidence to read
- rallies show no demand near resistance
- support tests become weaker
- down bars show more result than up bars
Expert read
The range may be redistribution if it refreshes supply before further markdown.
Alternative interpretation
It may be accumulation if selling is repeatedly absorbed and a spring/test succeeds.
Confirmation required
- breakdown holds below support
- weak retest from below
- relative weakness persists
Invalidation signs
- spring back into range with successful test
- strong demand through resistance
- selling pressure disappears
Common traps
calling every downtrend range bearish
shorting directly into support without confirmation
ignoring successful tests
Source frame
Wyckoff/VSA educational frame: background first, effort versus result second, confirmation third, risk and invalidation always explicit.