Distribution Theory And Whats To Come
Shared a few ideas recently, some played out, others were overly bullish so trying to get rid of my bias, try and understand what the composite man has done and is doing. You'll see here a pretty convincing distribution pattern that over the past few months seem's to have played out true. The only thing that doesn't seem to convince me 100% that we went through a distribution phase is the volume profile and that there were several bull div's throughout and ending finally with the daily divergence. In saying that, most people know this market is a meme and the pattern traders tend to come out on top. Also, don't take this at face value, I'm a meme, your a meme, and I hope this helped anyone out there back testing and trying to understand this market more.
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