WYCKOFF DISTRIBUTION XAUUSD
Beautiful real-time example of WYCKOFF Distribution happening currently with Gold.
1. PSY = Preliminary Supply
2. BCLX= Buying Climax
3. AR = Automatic Response
4. ST = Secondary Test under BCLX
5. SOW = Sign Of Weakness
6. LPSY = Last-Point of Supply (Usually PSY=LPSY***)
Wyckoff distribution is the Systematic selling by Institutions.
1. PSY = Preliminary Supply
2. BCLX= Buying Climax
3. AR = Automatic Response
4. ST = Secondary Test under BCLX
5. SOW = Sign Of Weakness
6. LPSY = Last-Point of Supply (Usually PSY=LPSY***)
Wyckoff distribution is the Systematic selling by Institutions.
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