Accumulations Distributions Chart Reading Session 6 Plan 30
Accumulations Distributions Chart Reading Session 6
Plan 30 minutes - Accumulations, 30 minutes - Distributions 1. 2. 3. 4. Inner workings How to recognize How to trade Q&A
Accumulation The Range at the Market Bottom - Professionals Buying (accumulate) Public Panic Selling
Recognizing Accumulation Trading Range at the bottom of the markets ● ● ● People Panic Sell amid Down-Trend accelerates Operators hidden Buying Down Waves Change from Extremely Huge to Small (exhausting) The Final Trap for Bears is a rule Up Wave Becomes Bigger. The last one Produces Cha (breakout) 50% of down-retracement after break-out from range confirms the accumulation is completed.
Examples TWTR, pnf, 4 h NVDA, d IBM, d, Oct-Nov, 2016 USO, Jun 2018 ATAS
How to trade Accumulation 1. 2. 3. 4. Recognize start of Accumulation Get confirmation as Accumulation unfolds, build your reasoning / arguments Detect the Bullish Cha Enter long on pullback / test of support / SLKB / EVRB
Part 2
Distribution The Range at the Market Top - Professionals Sell (distribute) Public FOMO Greed Buying
GC 1! 1 h Comex
Recognizing Distribution Trading Range at the tops of the markets ● ● ● People FOMO Greed buying amid Up-Trend accelerates Operators hidden Selling Up Waves Change from Extremely Heavy to Small (exhausting) The Final Trap for Bulls is a rule Down Wave Becomes Bigger. The last one Produces Cha (breakdown) 50% of down-retracement after break-down from range confirms the Distribution is completed.
Examples AAPL, Pn. F, 45 m BTCUSD, Pn. F, 4 h, Bitstamp Screencast https: //youtu. be/Dhla 1 -94 Si 4
How to trade Distribution 1. 2. 3. 4. Recognize start of Distribution Get confirmation as Distribution unfolds, build your reasoning / arguments Detect the Bearish Cha Enter short on SLKT / ND / test of resistance
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- Slides: 25