Swing failure pattern. Scalp short, possibly becomes swing short.
Hi y'all, would love your feedback! on this idea. We have a fairly significant bear Divergence forming on the BTC with the RSI entering back into oversold territory. If we look back to Jan of this year we can see a similar pattern that formed. This previous bear div gave us a -22% +/- pullback. I will be interested to see if we have the same reaction this...
Wyckoff Distribution. Thoughts? Insights? Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is provided by preliminary supply (PSY) and the buying climax (BC). These events are usually followed by an automatic reaction (AR) and...