SOW—sign of weaknessw
UTAD—upthrust after distribution.
Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend.
In a redistribution TR within a larger downtrend, phase A may look more like the start of an accumulation
Phase B: The function of phase B is to build a cause in preparation for a new downtrend.
Phase C: In distribution, phase C may reveal itself via an upthrust (UT) or UTAD.
Aggressive traders may wish to initiate short positions after a UT or UTAD.
Phase D: Phase D arrives after the tests in phase C show us the last gasps of demand.
Phase E: Phase E depicts the unfolding of the downtrend