Explanation of each zone:
PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread
widens, signaling that a change in trend may be approaching.
BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or
urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good
news, since the large operators require huge demand from the public to sell their shares without depressing the stock price.
AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this
selloff helps define the lower boundary of the distribution TR.
ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply
must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an
upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below
resistance. After a UT, price often tests the lower boundary of the TR.
SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and
volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant.
TR- Trading range
UTAD—upthrust after distribution.A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the
latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD
(LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty
advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves
of large operators’ distribution before markdown begins in earnest.)
I will update LPSY if this idea correct in the long term.
IM expecting retest above to break in a wick candle of a daily or just below the previous high with higher wick candle.
Previous HIGH - 1.31393
Target if this idea correct on distribution, 1.21700
SO for SWing traders WE wait on TOP or below with a higher confirmation of WIck candles on a daily time frame.
This is not a financial advice, This is only my view base on wyckoff distributions and its volume that given in the charts.
Trade base on your own decissions.
Follow for more,
WEll thank you for following , We reach 400 followers.
PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread
widens, signaling that a change in trend may be approaching.
BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or
urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good
news, since the large operators require huge demand from the public to sell their shares without depressing the stock price.
AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this
selloff helps define the lower boundary of the distribution TR.
ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply
must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an
upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below
resistance. After a UT, price often tests the lower boundary of the TR.
SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and
volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant.
TR- Trading range
UTAD—upthrust after distribution.A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the
latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD
(LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty
advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves
of large operators’ distribution before markdown begins in earnest.)
I will update LPSY if this idea correct in the long term.
IM expecting retest above to break in a wick candle of a daily or just below the previous high with higher wick candle.
Previous HIGH - 1.31393
Target if this idea correct on distribution, 1.21700
SO for SWing traders WE wait on TOP or below with a higher confirmation of WIck candles on a daily time frame.
This is not a financial advice, This is only my view base on wyckoff distributions and its volume that given in the charts.
Trade base on your own decissions.
Follow for more,
WEll thank you for following , We reach 400 followers.
