| Sigla | Event |
|---|---|
| PSY | Preliminary supply |
| BC | Buying climax |
| UTAD | Upthrust after distribution |
| SOW | Sign of weakness |
| LPSY | Last point of supply |
Phases A–E mirror accumulation in a bearish context. Two distribution schematic variants exist (Pruden, MTA 2006).
Richard D. Wyckoff
1873—1934
Distribution — phases A–E (Wyckoff)
Symmetric to accumulation: PSY, BC, UTAD, SOW, markdown.