Richard Wyckoff distribution bull trap
1.green box appears to signal the resumption of the uptrend but in reality is intended to TRAP uninformed break-out traders the remaining demand.
2. in phase C price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked down.
>>if these points hold true we can take advantage with good risk/reward,
we can draw a pitchfork using expanding pivots (sign of reversal) in green box.
$$ valid entry could be at upper parallel of pitchfork with stop above green box and target of lower parallel (white box)
>> i sold 1100 call option
you can also buy a put of 1100
2. in phase C price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked down.
>>if these points hold true we can take advantage with good risk/reward,
we can draw a pitchfork using expanding pivots (sign of reversal) in green box.
$$ valid entry could be at upper parallel of pitchfork with stop above green box and target of lower parallel (white box)
>> i sold 1100 call option
you can also buy a put of 1100
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.