We've finished distribution phase, as well as re-distribution phase into a corrective phase after downtrend.
Expecting further downtrend before we reach Accumulation schematic and begin the slow process before an uptrend.
Although we are seeing a downtrend within the monthly timeframe of EU, we have not yet reached distribution phase of the Wycoff schematic for market phases.
We have completed accumulation and are still in the mark up, but the monthly timeframe has been in a corrective trend to account for the mark up.
we must still look for the uptrend before distribution phase.