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Rule Check: Wyckoff Supply Contraction during Pullbacks
Rule Challenge

Rule Check: Wyckoff Supply Contraction during Pullbacks

Price has pulled back from its recent high (13.40) to 12.72. During this consolidation, daily volume decreased to 464.17K, falling below MAVOL5 (595K) and remaining substantially lower than during the preceding advance. Under Wyckoff volume-price rules, how should this volume-price relationship be objectively classified?