Nifty first became overbought in the primary trend channel and now in distribution phase of wyckoff cycle. All the components of distribution phase are labelled.
PSY = Primary Supply
BC = Buying Climax
AR = Automatic reaction
ST = SEcondary test
SOW = Sign of weakness
UTAD = Upper thrust after distribution
PSY = Primary Supply
BC = Buying Climax
AR = Automatic reaction
ST = SEcondary test
SOW = Sign of weakness
UTAD = Upper thrust after distribution
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