Power of 3-Accumulation,Manipulation, Distribution
A simple breakdown of 3 distinct phases we often see in the markets:
1) Accumulation - tight ranges, low volatility, equal highs and lows....typically during Asia session
2) Manipulation- sharp move against the true direction, sweeping liquidity and forming a false breakout to attract traders into the wrong side of the market..often during London session
3) Distribution - High volume + volatility pushing price in the true direction of the trend, often seen during New York hours