Inari, i traded this stock since Spring until up to the JAC,
which then the stock did a local distribution (Yellow color).
Based on 3rd Wyckoff Law, it seems that the price lingering around the projected Effect of the recent local distribution (Blue Color)
Based on this assumption from a Pure Wyckoff trader, I initiated the trade as shown below :
Bought (Inari) :
10 October 23
11 October 23
18 October 23
23 October 23
31 October 23
Average Price- 2.88
Stop Loss - 2.76
Take Profit (2r) -3.12
short term trade
which then the stock did a local distribution (Yellow color).
Based on 3rd Wyckoff Law, it seems that the price lingering around the projected Effect of the recent local distribution (Blue Color)
Based on this assumption from a Pure Wyckoff trader, I initiated the trade as shown below :
Bought (Inari) :
10 October 23
11 October 23
18 October 23
23 October 23
31 October 23
Average Price- 2.88
Stop Loss - 2.76
Take Profit (2r) -3.12
short term trade
Trade closed manually:
profit booked @ 2.9
