Phase D

It represent the trend inside the range.
It is compound with last two logical events.
  • Breakout (Real)
  • Confirmation
Important: Once again, all these things cannot be really anticipated, we have to look for the sign of volume and price (Effort vs Result) at the key levels.

More Information:

There are three main possibilities in the in this phase.
  • Price can create a clear breakout and confirmation. (which is what traders will expect)
  • Price can meander (move slowly up and down) after the breakout with some hesitation to confirm the breakout and produce the new trend.
  • Price can create another false breakout and restart Phase D.
Last Point of Support:
In accumulation, when a real breakout happens, the market comes back to retest the range (of a breakout), which is called the confirmation point. This point is also called the Last Point of Support.
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