Here's an idea I've been following for a while now on twitter (twitter.com/gonebroke_/status/993560984269873152). What if we're in Wykoffs distribution and markup is next?
The distribution schematic I'm working from is this - d.stockcharts.com/school/data/media/chart_school/market_analysis/wyckoff3/wyckoffdistribution1.png
I'm looking forward to options and views on this.
FYI. I'm SHORT from $9860.
The distribution schematic I'm working from is this - d.stockcharts.com/school/data/media/chart_school/market_analysis/wyckoff3/wyckoffdistribution1.png
I'm looking forward to options and views on this.
FYI. I'm SHORT from $9860.
Note
I think I was a little premature with my original call for the LPSY top and think that this is more likely Note
Here's an update for you. We were not lucky enough to have another LPSY... and SOW lastest about 20mins. I think we're now witnessing the throwback to the trading range. I'm expecting re-distribution from $7-7800. Short still open. 
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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.