Beautiful real-time example of WYCKOFF Distribution happening currently with Gold.
1. PSY = Preliminary Supply
2. BCLX= Buying Climax
3. AR = Automatic Response
4. ST = Secondary Test under BCLX
5. SOW = Sign Of Weakness
6. LPSY = Last-Point of Supply (Usually PSY=LPSY***)
Wyckoff distribution is the Systematic selling by Institutions.
1. PSY = Preliminary Supply
2. BCLX= Buying Climax
3. AR = Automatic Response
4. ST = Secondary Test under BCLX
5. SOW = Sign Of Weakness
6. LPSY = Last-Point of Supply (Usually PSY=LPSY***)
Wyckoff distribution is the Systematic selling by Institutions.
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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.