Stock was under long term Consolidation at low levels which means under Accumulation, #TechM #Brokeout the range, retest done and now it will resume its trend. Pure #TechnicalAnalysis #DowTheory #WyckoffTheory
The SGX NIFTY appears to be in a period of accumulation, according to the Wyckoff method of technical analysis. This pattern is characterized by a trading range in which there is a buildup of buying pressure, as evidenced by a series of higher lows and a lack of significant selling pressure. Based on this analysis, it is likely that the NIFTY will experience a...
This is for Long Term. And this is risky too. Please DYOR before entering the trade.
What is Wyckoff Distribution Cycle? An accumulation cycle is typically followed by what is known as Wyckoff Distribution. Wyckoff Distribution Schematic - After the dominant traders have increased their position during the Wyckoff Accumulation cycle, they will sell off their positions when the asset’s price is high. The Wyckoff Distribution cycle will happen...
Accumulation Phase Selling Climax (SC) - Selling Climax is a pattern in Accumulation phase characterized by a sharp selloff. It takes place before the Preliminary Support or PS. It indicates that selling pressure has reached a stage in which panic selling by the public will be absorbed by Big Institutional players or Smart money traders. Automatic Rally (AR)...
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 💸