Been thinking of building an algorithm for Wyckoff distribution detection. But, for now, just expressing my thoughts via this idea.
While zigzag can be basic building block, using modified channels may help further in avoiding fakeouts. In this example, we can also see that OBV and RSI has divergence. Let's see if this results in a fakeout or continue to complete wyckoff distribution pattern.
Trade geschlossen: Ziel wurde erreicht
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Took time. But, it did reach the intended target without hitting stop.