Wyckoff Distribution Schematic #2 Phase D Extended
Update to the Wyckoff Distribution Schematic #2 first brought to my attention by YouTuber "Uncomplication". This pattern is market manipulation by the "Composite Man". As we move into Phase E, see below regarding when to short
Phase E depicts the unfolding of the downtrend; the stock leaves the TR and supply is in control. Once TR support is broken on a major SOW, this breakdown is often tested with a rally that fails at or near support. This also represents a high-probability opportunity to sell short. Subsequent rallies during the markdown are usually feeble. Traders who have taken short positions can trail their stops as price declines. After a significant down-move, climactic action may signal the beginning of a re-distribution TR or of accumulation.
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