The Anatomy of a Trap: Total 3Chart, Wyckoff Distribution

Price action is beginning to show characteristics often associated with distribution. Multiple retests of resistance with waning momentum could be a sign of absorption rather than genuine strength. If this pattern develops further, the next move may involve a deceptive breakout attempt before revealing the market’s true direction.”
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.