PERFECT EXAMPLE OF DISTRIBUTION!!!
I Predicted this before it broke through the resistance. the distribution zone isnt broken down on the published idea but this is a perfect example of the price cycle and how it works.
for beginners: just remember that every time the market is getting ready to change trends (from bullish to bearish or vice versa) it will trend sideways to build momentum and it gives an opportunity or investors, banks and other players to share/distribute their shares. this is a repeating price cycle that always happens in the market and as you gain experience you will be able to catch new/future trade opportunities.
how to trade: wait for retest after BOS
I Predicted this before it broke through the resistance. the distribution zone isnt broken down on the published idea but this is a perfect example of the price cycle and how it works.
for beginners: just remember that every time the market is getting ready to change trends (from bullish to bearish or vice versa) it will trend sideways to build momentum and it gives an opportunity or investors, banks and other players to share/distribute their shares. this is a repeating price cycle that always happens in the market and as you gain experience you will be able to catch new/future trade opportunities.
how to trade: wait for retest after BOS