If this is all distribution up at this level why wouldn't we push for accumulation at a lower range than the previous one? It wouldn't make much sense to do distribution at this level unless accumulation at a lower level than previous is in store for us.
Note
As long as we stay below local high of ~7275 this idea will be valid. So far so good.Order cancelled
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.