AMD refers to three phases or stages that are believed to occur in the price action of financial markets, particularly in forex trading.
Accumulation: The first phase, also known as the “smart money” or “whales” phase, is when large institutional traders, market makers, or smart money are believed to accumulate a particular asset at lower prices.
Manipulation: The second phase is the manipulation phase, where smart money is believed to intentionally manipulate the price to create a false impression of the market direction.
Distribution: The third phase is the distribution phase, where smart money is believed to distribute or offload their accumulated positions to retail traders or other market participants at higher prices.
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