Here's an idea I've been following for a while now on twitter (twitter.com/gonebrok...s/993560984269873152). What if we're in Wykoffs distribution and markup is next?
The distribution schematic I'm working from is this - d.stockcharts.com/sc...offdistribution1.png
I'm looking forward to options and views on this.
FYI. I'm SHORT from $9860.
The distribution schematic I'm working from is this - d.stockcharts.com/sc...offdistribution1.png
I'm looking forward to options and views on this.
FYI. I'm SHORT from $9860.
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I think I was a little premature with my original call for the LPSY top and think that this is more likely
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Here's an update for you. We were not lucky enough to have another LPSY... and SOW lastest about 20mins. I think we're now witnessing the throwback to the trading range. I'm expecting re-distribution from $7-7800. Short still open.