NAS100 Wyckoff Distribution SchematicUS Tech 100 IndexPEPPERSTONE:NAS100aliriaz74NAS100 is indicating Wyckoff Distribution Schematic Structure which is pointing that it may be the market top and we may see a sharp drop in price. The key stages it has confirmed are: 1- PSY (Preliminary Supply): First major selling after a high-volume up-move, signaling the uptrend is losing momentum. 2- BC (Buying Climax): Sharp, panic-buying surge on high volume; smart money fills orders from emotional public buyers. 3- AR (Automatic Reaction): Rapid price drop following the BC, establishing the lower boundary of the trading range. 4- UT (Upthrust): Price revisits the BC high, confirming demand is exhausted and supply is in control (lower volume than BC). 5- Phase B (Consolidation/Cause): The main distribution area where smart money gradually sells. Range-bound, with up-and-down tests, building the "cause" for the future markdown. If this theory holds we are currently at this stage. 6- UTAD (Upthrust After Distribution): A fake breakout above the range's resistance to trap buyers before a reversal. A massive bear trap. If the structure follows the following pattern then entry can be taken with resistance lines being your SL. 7- SOW (Sign of Weakness): A sharp drop to the bottom of the range, often falling below the AR low. 8- LPSY (Last Point of Supply): A failed, weak rally (low volume) after a SOW, showing no buying interest. The last chance to sell before the crash. 9- Phase E (Markdown): The breakdown below the support level, initiating a sustained downtrend. My entry would be at CMP and I would add to the position at LPSY. Entry: 26840 Adding to position: 26640 SL: 26900 (You can keep moving your stop as the structure plays out) Risk: 0.4% RR: 1:15 Disclaimer: Trade as per your own risk management, this is not financial advice.