#usefulmaterial
Market phases can be categorized into four phases:
Accumulation - usually occurs after a downtrend and looks like a period of consolidation;
Trend (uptrend, downtrend) - after price exits the accumulation phase, it enters the trending phase;
Distribution - usually occurs after the trending phase and looks similar to a consolidation period;
Re-accumulation, distribution - a "small flat movement", this basically tells us that position taking is taking place.
