Wyckoff Higher Timeframe Distribution Schematic
12M/6M timeframe is a possible distribution Schematic that I think is currently in phase B.
Phase C,D and E are yet to form.
We shouldn't trade a distribution schematic till phase E but if a distribution Schematic 1 forms then we can trade phase C once a UTAD has been created(still risky and should wait for phase E as this is a more conservative approach).
If no UTAD then wait for phase E as you would have had more confirmation and without this you would be guessing the top.
Phase C,D and E are yet to form.
We shouldn't trade a distribution schematic till phase E but if a distribution Schematic 1 forms then we can trade phase C once a UTAD has been created(still risky and should wait for phase E as this is a more conservative approach).
If no UTAD then wait for phase E as you would have had more confirmation and without this you would be guessing the top.
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