This schematic is different. In its phase b, buying pressure reduced and diminished over the trading range. Many test of demand were made overall near the bottoms where some mistake for hidden accumulation. Price made a double top but made no commitment upwards, resulting in an overall downward pressure of supply in the stock, followed by progressive and ongoing selling into buyers whom couldnt support the price, allowing price to move downward.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.