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Distribution
Market StructureA phase where institutional sellers quietly unload positions, often appearing as sideways price action with declining volume quality. Distribution typically precedes a significant downward price move.
Related Terms
Accumulation
A phase where institutional buyers quietly build positions over time, often seen as sideways price action with increasing volume.
Volume
The number of shares or contracts traded in a security during a given period.
OBV (On-Balance Volume)
A cumulative volume indicator that adds volume on up days and subtracts on down days.