Last month (see link below) I was looking at the trading range as redistribution. The pullback was all the way to the resistance line of the trading range forming a Last Point of Supply (LPSY). There has been divergence with the Volume RSI first with a positive divergence with the Upthrust after Distribution (UTAD) and now negative divergence with the UTAD and the...
MR Price (MRP) has declined more than 25% between April and June. After a selling climax and change of character the stock has been in redistribution. The point of control is at the supply line. After two upthrusts (UT) have occurred and effort (as indicated by the OBV) without response in the price there has been a significant signs of weakness (SOW). The change...
Remember, all corrections take the same general path as they are all the result of human beings and their unconscious reaction to fear and greed. They just take longer or shorter depending on the movement prior, and the movements may be more or less exaggerated. This comparison in no way suggests that price will definitively do one thing or the other. It is...
Still looks like redistribution to me. Volume on breaking the ICE was significant. Throwback or test of the ice from below is something that can be part of a redistribution trading range
BTC seems now to have found a small upwards channel. The trading range is where the price will probably range in between. The downwards line is a supply line SMI showing both bullish and bearish diverenge.. Possibly waiting for momentum to break important support levels
Chart annotated w/ analysis on the OANDA:EURUSD Note: Take not of current accumulation range for signs of re-distribution to continue current downtrend.