wyckoff distribution, retracement of the parabolic rally
this is the add for my other bigger picture.
we have had an buying climax, indicating the high. than we had a automatic reaction to the lower range. than the second test to the high didnt make it,
this is the first sign of weakness, also making an lower high. we came down to the bottom of the trading range. this gives the confirmation of distribution.
than we had another sign of weakness. at the moment we are in the fake rally of the last point of supply. than we come down.
we have had an buying climax, indicating the high. than we had a automatic reaction to the lower range. than the second test to the high didnt make it,
this is the first sign of weakness, also making an lower high. we came down to the bottom of the trading range. this gives the confirmation of distribution.
than we had another sign of weakness. at the moment we are in the fake rally of the last point of supply. than we come down.
Related publications
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.