DislikedFurther to my previous post here is another example of what I mean
This was a clear reversal for 60 pips using this method
Big volume candle, but no more selling from the SM.... signal to go long.Ignored
interesting quote.... this sideways movement is distribution of profit. Pros selling their postions bit by bit. If they dumped it on the market at once GJ would tank .
when the flag gets lower enough and those that are distributing have finsihed then more buyers may be enticed . This provides us with the ranging condition I love to trade in
Blogging daily now at www.volume.zone