Great study to show Distribution and (re)Accumulation with respective volume signatures.
Terms:
BC=Buying Climax
SC=Selling Climax
ST=Secondary Test
AR=Automatic Reaction
UT=Upthrust (distributive)
UA=Upthrust Action (accumulative)
PSY= Preliminary Supply
LPSY=Last Point of Supply
LPS= Last Point of Support
BU= Backup
mSOS= minor Show of Strength
MSOS= Major Show of Strength
CHoCH= Change of Character
Expect new highs
Terms:
BC=Buying Climax
SC=Selling Climax
ST=Secondary Test
AR=Automatic Reaction
UT=Upthrust (distributive)
UA=Upthrust Action (accumulative)
PSY= Preliminary Supply
LPSY=Last Point of Supply
LPS= Last Point of Support
BU= Backup
mSOS= minor Show of Strength
MSOS= Major Show of Strength
CHoCH= Change of Character
Expect new highs
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.