Please look at my previous post where I go into depth on this Distribution idea. For some reason in the two window display chart, it posted it in the 8hr chart.
@retake00, please take into consideration that i´m no financial advisor. This is just my trading idea and trade execution that I post for other to see and possibly give me a feed back. Nonetheless, good luck trading.
Donajor8
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there's a spring and a retest at your st!!! clear n easy to see !!!!!smh plus u really need vol
SergioFXtrader
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@Donajor8, thank you for pointing that out. I did see it, I just think that´s a 15 minute accumulation+spring that would bring price to a UTAD formation in the 1-hour timeframe. I apply some Dow theory in the trading ranges, meaning there has to be a 3rd test for it to be a "Spring" in the 1-hour timeframe. The 1st test would be the AR, the 2nd test just a plain ST, and the 3rd test a Spring... I just don´t see it in the 1-hour trading range, in a faster timeframe yes but not in the 1-hour chart the 3rd test as the "Spring". I could be totally wrong of course... But thanks for pointing that out. I hardly get any comments at all, and I totally appreciate others point of view.