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NIFTY IN WYCKOFF DISTRIBUTION

NIFTY IN WYCKOFF DISTRIBUTION

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

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