Wyckoff Distribution

I will post in the comments the 3min chart showing a closer look on whats happening. Bearish divergence on the indicators. Volume declining with the rising wedge.

Note

Wyckoff distribution on 3min chart.

Trade closed: stop reached

This is a great example of more upthrusts which purposely knocked people out.

"Aggressive traders may wish to initiate short positions after a UT or UTAD. The risk/reward ratio is often quite favorable. However, the “smart money” repeatedly stops out traders who initiate such short positions with one UT after another, so it is often safer to wait until Phase D and an LPSY."

Trade active

Let's try this UTAD again!

Trade active

So far so good on the real UTAD top call SO FAR, no guarantees but looks promising.

Trade closed manually

IS IT RE-ACCUMULATION!?? I posted the idea privately August 31, months ago which is crazy but not to surprising. Click the image to go to the chart idea.
For now i am watching MATIC and am wondering if it will dump or continue the Wyckoff reaccumulati and pump?

davidmarcus1324

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.

davidmarcus1324