Distribution occurs prior to a downtrend. Distribution is the process of "smart money" selling shares without significantly affecting price. Source: school.stockcharts.com/doku.php?id=glossary_d
The attributes of distribution:
1) It occurs after an advance.
2) Price should form some sort of a topping pattern. E.g. a double top, rising wedge, etc.
3) Price should not be making new highs.
I think that a lot of the USD pairs are distibuting.
The attributes of distribution:
1) It occurs after an advance.
2) Price should form some sort of a topping pattern. E.g. a double top, rising wedge, etc.
3) Price should not be making new highs.
I think that a lot of the USD pairs are distibuting.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.