Upside down it do look like a distribution scheme, so it can be used as accumelation.
Lets see how this plays out.
Wyckoff distribution scheme :
d.stockcharts.com/school/data/media/chart_school/market_analysis/wyckoff3/wyckoffdistribution2.png
Lets see how this plays out.
Wyckoff distribution scheme :
d.stockcharts.com/school/data/media/chart_school/market_analysis/wyckoff3/wyckoffdistribution2.png
Note
Yes it is working out. this is the normal chart :Lets see if we get some support at the break out level, if it does... Mark up !
Trade active
Yes yes, mark up ! Like expected after this accumelation pattern.
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.
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.