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Formazione

Engage: Type of trading Day { DOUBLE DISTRIBUTION TREND DAY}

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DOUBLE DISTRIBUTION TREND DAY

A double distribution trend day is an extension of a regular trend day. It exhibits two distinct price distribution phases within the trading session, with each phase characterized by a different price range. The first distribution typically follows the morning market open, while the second occurs later in the day.

Key features:

The market opens with brief consolidation phase

After the consolidation, a new trend emerges, usually with higher volatility
Followed by another consolidation phase

Trading strategies:

Use Initial base Breakout trade.

The Concept shared from the Book " Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market " by Frank O Ochoa (Author)

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