Note last wyckoff schematic where it broke (pink) macro wedge support, and the resulting correction. Scrolling back, you can see the uptrend to the prior high through August has a very similar trend to the recent trend to ATH
Trade closed: stop reached
One of my earliest charts and one of the better examples of then I was wrong. Clearly that was not a distribution, it was a re accumulation.
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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.