Wyckoff Distribution Patterns - GBPUSD
298 and 170 - decreasing volume at the tops of the chart. After the peak marked with the volume of 170, the next peaks are with much less buyer activity. In summary, buyers have lost their power.
In addition, the chart shows the largest sell-off wave 233. This is the largest volume under the swing since we entered the sideways consolidation.
Indicators used: Wyckoff Wave Chart
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In addition, the chart shows the largest sell-off wave 233. This is the largest volume under the swing since we entered the sideways consolidation.
Indicators used: Wyckoff Wave Chart
What do you think about this chart?
Follow us for updates!
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