I love a good accumulation.
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As accumulation ends, price should jump to bottom white line (.0475) and consolidate around top faded blue line. If it holds, price would then jump somewhere near top white line (.05).
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Few other ways to interpret this accumulation.
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Not with .0475 and .05. I suspect from here that price begins to rise.
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Not bad with*
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Though, price could correct down to ~.0462
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I’m holding out some to target .0615-.064.
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Update based on probable Distribution.
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Possible accumulation pattern completing. 45 min timeframe shows valid channel break (3 touches each side). However, based on the counterpart distribution idea, this pull back was expected as part of distribution. Therefore, COULD be one last push downward before next rally.
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