Wycoff redistribution

12 juin 2023

Redistribution and accumulation can look the same. The reason I support redistribution is that the PA around the spring area reads like creating enough bull traps to fully cross the huge support of 25.7 and 25.2. With all bulls expecting an runup to the top of the channel, no more buyers will be available to hold 25. Dropping hard and fast will scare any bystanders.

inb4 literally 27k by midday

12 juin 2023

Note

Still on the line. The market is washing lev trades up and down like a ragdoll.