Hello!
"When you go fishin' in a lake, you don't just row out to the middle and throw a line in the water. You go where the fish live - around the edge and near the sunken trees. Same way, you enter trades near the edges of congestion zones, where bulls or bears are so exhausted that a small amount of pressure can reverse a trend."
Trading Ranges is where the fish live, and a trend will only start or end once a trading range breaks. They could be defined as:
1. Accumulation: develops after a downtrend has ended
2. Re-accumulation: develops in a defined uptrend, once a trading range happens in a middle of a trend and breaks to the upside then it is defined as a reaccumulation
3. Distribution: develops after an uptrend has ended
4. Re-distribution: develops in a downtrend, once a trading range happens in a middle of a trend and breaks to the downside, then this can be defined as redistribution.
Are you ready to go fishing? ;)
"When you go fishin' in a lake, you don't just row out to the middle and throw a line in the water. You go where the fish live - around the edge and near the sunken trees. Same way, you enter trades near the edges of congestion zones, where bulls or bears are so exhausted that a small amount of pressure can reverse a trend."
Trading Ranges is where the fish live, and a trend will only start or end once a trading range breaks. They could be defined as:
1. Accumulation: develops after a downtrend has ended
2. Re-accumulation: develops in a defined uptrend, once a trading range happens in a middle of a trend and breaks to the upside then it is defined as a reaccumulation
3. Distribution: develops after an uptrend has ended
4. Re-distribution: develops in a downtrend, once a trading range happens in a middle of a trend and breaks to the downside, then this can be defined as redistribution.
Are you ready to go fishing? ;)