your example is coming from a bearish trend, the trend is up...see at 145 soon.
BullBearBlair
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@RedHandedBandit, Completion of the re-distribution would shift price into a bearish trend surely? I don't view price hitting $145 as invalidating this idea, a 4% move on the weekly timeframe doesn't change my thoughts. Price reaching $140 would arrive at the 50% fib sequence, so price is entering an interesting point. Are you bearish or bullish? Happy to hear an alternative explanation/view of what is happening/going to come!
RedHandedBandit
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@BullBearBlair, Bullish.... if we close above 140 on a monthly we should see way more upside, 2 days left. Also, from what I gather this will do good as SPY will have its pullback in March. Cycles, seasonality and crap...
BullBearBlair
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Interesting… why is closing above 140 important? Are you more into technicals or fundamentals?
RedHandedBandit
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@BullBearBlair, 140 is the breakout of a triangle on most time frames...Technicals..
BullBearBlair
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@RedHandedBandit, Do you have a picture/tradingview idea showing the triangle? I am struggling to see it
@RedHandedBandit I fully agree with your perspective. Furthermore, it's important to recognize that Wyckoff redistribution and re-accumulation phases can exhibit similar characteristics until a decisive breakout occurs in one direction. Analyzing higher timeframes (e.g., 2 weeks, 4 weeks, or beyond) significantly enhances clarity in such scenarios
BullBearBlair
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@BeyondBullishTrades, I agree it is difficult to understand a re-distribution versus re-accumulation. But from my understanding, is the cycle not Accumulation, correction, re-accumulation, distribution? Then it goes from Distribution, correction, re-distribution, accumulation?
I can't see a previous re-distribution happening in order to allow for this to be an accumulation period? I think we are in a false breakdown/UTAD at current price ($138).
Any thoughts on my comment? Happy to have my mind changed but for now, I can't see how this could be a re-accumulation period from my perspective
BullBearBlair
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@BullBearBlair, *False Breakout/UTAD at current price ($138)