Not heavy hearted on indicators but On Balance Volume will highlight my view of accumulation.
When both price and OBV are making higher peaks and higher troughs, the upward trend is likely to continue.
When both price and OBV are making lower peaks and lower troughs, the downward trend is likely
to continue.
During a trading range, if the OBV is rising, accumulation may be taking place—a warning of an upward breakout.
During a trading range, if the OBV is falling, distribution may be taking place—a warning of a downward breakout.
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