11:09 PM
M.vishnu
First phase is called accumulation। At this faze further direction of movement is unknown।
Second phase is called distribution. At the distribution faze direction of further price movement is known.
And traders are getting into positions.
Third phase is acceleration which is caused by large speculative firms like investment banks,
retirement funds, large private investment firms, hedge funds,etc.
Fourth and the last phase is called consolidation which is caused by closing the positions(taking profit).
The best way to get in and out of a position is as it is shown on a picture.
For central line you can use moving average
