ACCUMULATION: - From FOMC SEP 2020 until FOMC SEP 2021 price was accumulating in a range - From FOMC SEP 2021 until FOMC SEP 2022 price was trending up
MARK UP: - Trend progressed in 3 COT-stages: 1. Re-accumulation (Large COT increase while price remains relatively depressed) 2. Mark Up (Limited COT increase while price rallies) 3. Climax Buy (COT Tops after limited increase while price rallies followed by big retrace)
DISTRIBUTION: - First portion of distribution started after Climac Buy - Price makes Higher Highs followed by topping formation while COT makes Lower Highs - Re-distribution phase starts after FOMC SEP 2022 - Price is no longer supported by Instituions
EXPECTATIONS: - Weekly (fresh) Demand-Zone at 99.50 - 99.50 is 50% of swing from 2021-Low to 2022 Climax Buy - From 99.50 wait for COT to indicate new phase
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