EURUSD Wyckoff Distribution Schematic
We last looked at the Wyckoff Distribution Schematic on 9/14. To review:
I’m showing a Euro futures chart because volume must be incorporated when analyzing a market from a Wyckoff perspective. Volume on SOW (sign of weakness) days are highlighted with yellow circles. Notice how volume expanded into the BC (buying climax) and decreased on the ST (secondary test). A drop below 1.1750 is required in order to complete the distribution.
#EUR/USD#
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