Wyckoff Early Spring & Rejection Wick Analysis for Fresh IPO Equities
Empirical research indicates that Fresh IPO equities (listed 2024–2026) frequently undergo support retests following initial listing spikes. The Early Spring model detects classic Wyckoff Spring structures at structural support zones.
Signs of an Early Spring Setup
- Lower Wick Rejection: Daily candles form long lower wicks at support floor zones. This signals institutional Smart Money flushing out retail stop-loss orders before bidding prices back up into session close.
- Day 1 Opening Price Reclaim: Price successfully reclaims and breaks out above the initial listing Day 1 opening price.
- Phased Volume Accumulation: Volume dries up during pullback phases and spikes aggressively as rejection wicks form.
💡 Smart Money Signal: When an IPO drops below its support level intraday but bounces violently back up above support before 5:00 PM, the spring is confirmed. Retail sellers got shaken out; Jerung absorbed every lot.