During this phase, the bulls and bears are in a stable state. Neither side is stronger. At this point of time, the mid-term traders are either cashed out or haven't cashed in. Only the swingers and scalpers are cashing in and out.
It's not certain which way the Market is likely to go after this phase. But, I can predict with fair accuracy that the Market will go down if I can see that the mid-term traders have cashed out. Likewise, the Market is likely to go up if I can see that the mid-term traders have cashed in.
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