DJI | Wyckoff Distribution

13 Eyl 2022

You might not recognize this chart. To get some background on it, refer to the linked idea down below. You will find it in my profile.

As it turns out,it looks like we are in a classic Wyckoff Distribution. It is remarkable that this is hidden beneath our noses.

The timing and the accuracy of the future phases may not be completely correct, the path is illustrative of the phases, it isn't drawn using wave theory.

I will gladly accept any helpful/corrective comments regarding this.

Tread lightly, for this is hallowed ground.
-Father Grigori

13 Eyl 2022

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Make sure to follow my previous idea linked below. You will get a new perspective of the September 13 selloff, and macro analysis using similar pairs like SPX*DXY and DJI/M2SL.

13 Eyl 2022

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Note that Upthrust after distribution may not occur, instead last point of supply immediately follows. The timeline may vary significantly.

13 Eyl 2022

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This even works for 2008, in a sloped fashion. This may not be entirely classical being sloped. I invented it just now.



The white path is a sub-distribution. I invented it now as well.

14 Eyl 2022

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Revised

24 Eyl 2022

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The importance of normalization:

26 Eyl 2022

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Look at this Head and Shoulders that is shaping in the RSI of SPX

24 Eki 2022

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If this chart is of any meaning (DXY*DJI/100), we have reached an important resistance level.

27 Eki 2022

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Update:
Pattern taken from November 2000

28 Eki 2022

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Are we in UTAD??

28 Eki 2022

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It's not just DJI which is in distribution, everyone is.
The DXY comparison shows it more clearly.
Perhaps DJI will have an UTAD, while the others won't...

28 Eki 2022

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There is a reason I tell you to tread lightly. Do you have an exit strategy?

11 Kas 2022

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Are we already in UTAD ???

5 Ara 2022

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Another long-term distribution! Inspired by SPY_Master

6 Ara 2022

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A closeup, with a pattern from 2008

14 Mar 2023

İşlem aktif

So far so good!