NIFTY IN WYCKOFF DISTRIBUTION
Nifty first became overbought in the primary trend channel and now in distribution phase of wyckoff cycle. All the components of distribution phase are labelled.
PSY = Primary Supply
BC = Buying Climax
AR = Automatic reaction
ST = SEcondary test
SOW = Sign of weakness
UTAD = Upper thrust after distribution
PSY = Primary Supply
BC = Buying Climax
AR = Automatic reaction
ST = SEcondary test
SOW = Sign of weakness
UTAD = Upper thrust after distribution
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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.