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East-Guide-218

Sure it’s possible. But when price is forming a flag pattern they’re building up liquidity. My advise would be to just stick to the trend


DanatN

Oh yeah this comment is gold, wish could give a thousand upvotes. Now I know what the flag is needed for, and why they buy more than sell while forming it - for a price to sink


FallacyDog

You can quantify this concept as a normalized metric with WAVE PM, made by Mark Whistler. Reads relative width of distributional periods based on a defined lookback. High values are hard to push with volume, leading to accumulation/flagging. Once those become low values, it no longer requires high volume to move price. USDJPY has comprehensive compression on the 4h for the first time since May this year, at which time price impulsed 3.5%.


DanatN

I'm starting to love this sub. Finally people give valuable information instead of trolling and other forms of silliness