Potential Wycoff distribution

12 ส.ค. 2022

Nice trade opportunity with good r/r. I'm trading short right here. Sl is above the red line of UT. Ideally, price does not trade and hold above the red line @ PSY. I'm expecting price to play around the 24200 area for a bit and break lower to 17500-19000 level. Not advice

13 ส.ค. 2022

บันทึก

So we spiked the top of the UT, trading between psy and UT now. I'm very convinced this is the tail end of a wycoff. Best way for me to play it, is wait for a breach of the 24270 area and place stop above the high. Their is a chance we have one more pump, just let it play out.