Setup Contains:
- Wyckoff Distribution
What is Wyckoff distribution?
The distribution is sideways and has a range-bound trading period. It usually occurs after a prolonged uptrend. This is the trading zone where big players build short positions or distribute long positions and wash out retail traders.
FOLLOW PAFX & LEARN AND EARN 💸
NSE:PEL
(FOR LEARNING PURPOSE ONLY)
1) Phase 1 (Accumulation) Completed
2) In the midst of Phase 2 (Mark up)
>> We can see expanding volume when price moves up and contracting volume when price retraces
ENTRY
BUY WHEN PRICE RETRACES BACK TO HL
TARGETS
TG1 - 1600
TG2 - 1900
