Ok guys, top UTAD trading range is breaking down to SOW Phase D in Wyckoff distribution. We have two trading ranges that developed and now is the time to short this. We will see prices go below 46600... Likely at least a retest near 42k.
Comment:
Quick update. Looks like we are just looking for that red major trendline. I don't think we will have a ton of movement above. Still expecting this to come back down.
Comment:
Confusius say "When Wyckoff chart no make sense, turn it on it's side."
NOW we make PERFECT sense.
Confusius say "When Wyckoff chart no make sense, turn it on it's side."
NOW we make PERFECT sense.
This may have been the SOW in Phase B instead of Phase D before the fall.