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Green is consolidation after the opening price (accumulation), red is manipulation (retracement), grey = distribution (expansion) and blue = close. Manipulation = 10 pips below old lows, equal lows.

Green is consolidation after the opening price (accumulation), red is manipulation (retracement), grey = distribution (expansion) and blue = close. Manipulation = 10 pips below old lows, equal lows.

Keep in mind that price is fractal, this same phenomenon described here can be applied to all different timeframes