Daily price cycle (distribution & expansion)
We might be seeing the beginning of the move of the week after price appeared to be shifting structure to the downside right after what might be a fakeOff from 19750, if you are familiar with the wyckoff price schematics one might say that we just saw an area of distribution that might push price to the downside.
We did see that the last point of supply pushed so high that it appeared as is price might take out the UTAD creating a re-accumulation instead of a distribution.
We did see that the last point of supply pushed so high that it appeared as is price might take out the UTAD creating a re-accumulation instead of a distribution.
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.