SAND top again but from perspective of Wyckoff - distribution schematic 1 + re-distributive bounce.
Interesting to note Supply trendline is a feature of Re-distribution, but it works well in this distributive top.
Distribution - Accumulation - Re-distribution = ABC.
Interesting to note Supply trendline is a feature of Re-distribution, but it works well in this distributive top.
Distribution - Accumulation - Re-distribution = ABC.
Comment:
Comment:
Notice that buying climax BCLX of Re-distribution hits SOW of previous distribution. SOW was support and has become resistance.
Comment:
Price impulses having eventually broken out from the supply trendline.
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