I am learning the chart reading and I have done the same analysis that indigo hits three-time the same low and made the same high as you have shown in the distribution phase.
can you please tell me what is distribution phase, price will go down more or it breaks out of the distribution phase and made a new high.
Chand555
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@ankit_smile92, if mark down occurs then we can assume that its distribution phase..if breaks up we can find that it re-accumulated and heading towards new high.
I am learning the chart reading and I have done the same analysis that indigo hits three-time the same low and made the same high as you have shown in the distribution phase.
can you please tell me what is distribution phase, price will go down more or it breaks out of the distribution phase and made a new high.