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20 Des 2022 pukul 13.38

Wyckoff distribution pattern - bull case!! Pembelian

Ethereum / TetherUSBinance

Deskripsi

Been thinking of building an algorithm for Wyckoff distribution detection. But, for now, just expressing my thoughts via this idea.

While zigzag can be basic building block, using modified channels may help further in avoiding fakeouts. In this example, we can also see that OBV and RSI has divergence. Let's see if this results in a fakeout or continue to complete wyckoff distribution pattern.

Trading ditutup: target tercapai

Took time. But, it did reach the intended target without hitting stop.
Komentar
myartemis
Thanks!!
SwallowPremium
What entry point to choose here?
Trendoscope
@SwallowPremium entry should be when it first breaks out of distribution range. stoploss can be few points below lowest point of distribution range.
aabbas110
entry price?
Mupsje
@aabbas110, for you.....
Now :)
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