What is Accumulation? A sideways range in which institutional smart players buy carefully, without moving the price ranges. The small players are unaware of what is going on; the market is out of the public focus while under accumulation. From a technical perspective, prices move sideways in a trading range bounded by rough areas of support and resistance (as shown above).
The chart posted above illustrates the main characteristics of the accumulation phase and how you can identify it. Please note that this concept applies on all time-frames.
Please feel free to ask any further questions in the comment section below.
Hello Fadhala, does it mean that it still should go down one more time before it goes up?? thank you
abdullatrader
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@bina99, Hi, No - this post shows how you can identify an accumulation phase and what are the main characteristics. I don't trade weekly charts on FOREX. Please check the below chart for my short term trade I posted yesterday.
@trung.nguyenduc1708, Please be more clear with your comment, what don't you think so?
trung.nguyenduc1708
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@AAlFadhala, i think it will down
E7i
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@trung.nguyenduc1708, My man, I would recommend you to study Wyckoff.
Prices are more likely (Note I said more likely since nothing is guaranteed) to go up after accumulation, and by the looks of it the markets are accumulating right now
Same goes with GBP/USD (Although, GU has already started the mark-up phase)
Of course, we can just wait for confirmation - An upside breakout of the current range, and then a return to the breakout area for last point of support.
trung.nguyenduc1708
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@E7i, Thank you, I also think the price will rise even higher