A distribution is starting to take shape. Fundamentals and now the technicals are starting to come into alignment. A break below the previous structure leg that created the Up Thrust, would signal the confirmation of Phase C of the schematic and give support to shorts.
Trade active
Well, we broke. Confirmed type 1 distribution.Trade active
Distribution has been confirmed. Now lets see if price can continue to the next area.
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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.