3 Phases of major trends:
1) Accumulation : steady markets- smart money buying
2) Public Participation (Continuation patterns) : essential for trends to be sustained
3) Distribution : smart money sell off- reversal of trend
1) Accumulation : steady markets- smart money buying
2) Public Participation (Continuation patterns) : essential for trends to be sustained
3) Distribution : smart money sell off- reversal of trend
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