We have been in the Wyckoff distribution event phases for the last week.
The current move to the downside is looking like a fake out to me (I hope) to make 1 more move to the upside as I am hoping for the UTAD move to be met which should finally see our big sell off to the downside which also fills ineffecient imbalance and also has the opportunity to close the open order above.
As always..... PATIENCE - CONFIRMATION - ENTRY - PROFIT
The current move to the downside is looking like a fake out to me (I hope) to make 1 more move to the upside as I am hoping for the UTAD move to be met which should finally see our big sell off to the downside which also fills ineffecient imbalance and also has the opportunity to close the open order above.
As always..... PATIENCE - CONFIRMATION - ENTRY - PROFIT
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Equal lows and imbalance below current price to be filled to hopefully give us that last up move. If you find a good opportunity to sell hold that sell just incase it begins to drop from here
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We got the imbaalnce fill and dropped a bit lower but now should be back on teh rise pushing to finally get our potential UTAD move!
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It looks like i was missing the Wyckoff schematics on the smaller time frames which is why we never got our UTAD before the drop i was expecting. Figured it out on the smaller time frame and caught the sell. expecting 1 more LPSY move for continuation to the downside.
We may also have a mitgation play to the upside shown by the yellow arrow
We may also have a mitgation play to the upside shown by the yellow arrow
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We got the sell we wanted now looking for a pull back to for continuation to the downside
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