From 17th to 21st Aug was Clear Buying Climax .. WE know the Down Trend Started . The Question for us.. Is this Accumulation Or Re Distribution ? For Novice like me.. Its just not clear. I can sort of trade the UT and Springs.. JUST need to be more sure if the Trading Range is Too Narrow.. After a few UTs and STs we can be more assured . In case of BreakOuts in any direction we need to study the Volumes on BO and on Tests.
Another Critical point for us : Do we trade the Larger Distribution Phase Or the Shorter Accumulation Phase . Distribution Phase is Already Established and we are fully Aware. The Smaller Trading Zone -- We are rightly Uncertain . If Prices just go up from current small congestion WITHOUT sufficient " CAUSE " then --- this is just STs of Distribution Phase . So Extended SIde Ways is CAUSE ... Quick V Type recovery UNLESS it shows great SOS to cross the August BC is Just STs and a trap for novice traders.
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