Hello all,
I have been reading a book which tells that all market tops are formed after a series of 5 distribution bars are witnessed in a span of 4 weeks.
Definition - Price closing in negative territory with increase in volume as compared to previous day is called distribution day.
However, I have not been able to see much merit of it, although it sounds very logical.
Can somebody help me with this ?
I have been reading a book which tells that all market tops are formed after a series of 5 distribution bars are witnessed in a span of 4 weeks.
Definition - Price closing in negative territory with increase in volume as compared to previous day is called distribution day.
However, I have not been able to see much merit of it, although it sounds very logical.
Can somebody help me with this ?