The Accumulation / Distribution is an area designed to determine whether traders are actually accumulating (buying) or distributing (selling).
Usually a similar price movement and volume suggests an imminent trend breakout or a future trend reversal.
In my educational analysis is possible understand what might be expected after leaving the period of distribution and consolidation.
D1 - Timeframe Analysis
In this Timeframe the bearish pressure that extends from October 20th is visible, we are now in a phase of order accumulation, with probable generations of new channels.
March 8, 2020 - Starts a bullish movement due to the outbreak of the covid-19 pandemic, which made the US dollar weak, to date the bullish movement continues that causes current economic conditions could stop at the meeting of the 0.7370 area (2005 resistance), before reversing.
NOTE: Traders look out for key chart levels to place their buy and sell orders around those lines, which accelerates price-moves and increases volatility when the price reaches those levels. Typically, key chart levels are identified by support and resistance lines, which act as barriers for the price when reached from the upside or downside, respectively.
Support levels are price-lines at which the market had difficulties to break below, signalling that buyers may join the market again if the price falls to a key support level .
Resistance levels are quite similar to support levels, only that they form to the upside and signal price-levels at which the market had difficulties to break above.
Remember, this analysis refers to current market conditions, which may change in the future. The analysis in question is for educational purposes only, and is a personal opinion of the author.
Therefore, the analyzes, published articles and any other information are purely informative and do not in any way constitute financial advice, either individual or collective, nor do they constitute a solicitation of public savings, consequently all the contents listed above and reported below are to be understood as pure and simple personal opinions of the authors and educators, of free interpretation. Each user will use the information provided in this communication under their own responsibility and therefore it is reiterated that the author is relieved of all responsibility, for direct or indirect damages resulting from the use of the information, indications, links and contents. Trading carries a high risk of losing money. Any information is for informational and educational purposes only.
Shared operation does not constitute a guarantee of profits or winnings and the use of each shared input is at the customer's risk.
_______
Stefano Leonardi
Usually a similar price movement and volume suggests an imminent trend breakout or a future trend reversal.
In my educational analysis is possible understand what might be expected after leaving the period of distribution and consolidation.
D1 - Timeframe Analysis
In this Timeframe the bearish pressure that extends from October 20th is visible, we are now in a phase of order accumulation, with probable generations of new channels.
March 8, 2020 - Starts a bullish movement due to the outbreak of the covid-19 pandemic, which made the US dollar weak, to date the bullish movement continues that causes current economic conditions could stop at the meeting of the 0.7370 area (2005 resistance), before reversing.
NOTE: Traders look out for key chart levels to place their buy and sell orders around those lines, which accelerates price-moves and increases volatility when the price reaches those levels. Typically, key chart levels are identified by support and resistance lines, which act as barriers for the price when reached from the upside or downside, respectively.
Support levels are price-lines at which the market had difficulties to break below, signalling that buyers may join the market again if the price falls to a key support level .
Resistance levels are quite similar to support levels, only that they form to the upside and signal price-levels at which the market had difficulties to break above.
Remember, this analysis refers to current market conditions, which may change in the future. The analysis in question is for educational purposes only, and is a personal opinion of the author.
Therefore, the analyzes, published articles and any other information are purely informative and do not in any way constitute financial advice, either individual or collective, nor do they constitute a solicitation of public savings, consequently all the contents listed above and reported below are to be understood as pure and simple personal opinions of the authors and educators, of free interpretation. Each user will use the information provided in this communication under their own responsibility and therefore it is reiterated that the author is relieved of all responsibility, for direct or indirect damages resulting from the use of the information, indications, links and contents. Trading carries a high risk of losing money. Any information is for informational and educational purposes only.
Shared operation does not constitute a guarantee of profits or winnings and the use of each shared input is at the customer's risk.
_______
Stefano Leonardi