Sometimes its better to zoom out.
Distribution can be identified based on volume.
High prices attract sellers which creates the high volume. Basically hedge funds selling into the upmoves.
Current Wyckoff zones have been identified.
Risky sell level at UTAD has not been printed yet.
Less risky sell is at the LPSY which needs to print.
Trade how you like. But understand from a macro perspective.
Do not follow this idea based on date. Its just to show you market structure that will likely happen.
So Far Amazon is showing signs of distribution Phase B.
Distribution can be identified based on volume.
High prices attract sellers which creates the high volume. Basically hedge funds selling into the upmoves.
Current Wyckoff zones have been identified.
Risky sell level at UTAD has not been printed yet.
Less risky sell is at the LPSY which needs to print.
Trade how you like. But understand from a macro perspective.
Do not follow this idea based on date. Its just to show you market structure that will likely happen.
So Far Amazon is showing signs of distribution Phase B.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.