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Distribution

A range at the top where the built position is handed to buyers.

Distribution mirrors accumulation: price stalls in a range after a rally, but the large participant is now selling into demand rather than buying. False breakouts and post-rally optimism keep the crowd in the market. Failed attempts to make a new high, rising volume on pullbacks and progressively weaker upside impulses separate distribution from a simple pause in a trend.

Distribution — what it means in trading — VVozny.com