In this scenario it’s clear that multiple bearish reversals were influenced by distribution, this chart has multiple contractions. Before this current situation we had a stunning distribution phase, now we currently have a minor accumulation. This trade has to be approached with caution because price could fill the imbalance, however, the main idea is to buy…
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Disclaimer
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.