✅ Accumulation ➡️ Expansion ➡️ Distribution In trading, price moves through three main phases: 1️⃣ Accumulation, Smart money quietly builds positions while retail traders remain uncertain. Market is often range-bound. 2️⃣ Expansion, Price breaks out with strong momentum as volume and volatility increase. This is where trends are born. 3️⃣ Distribution, Smart money starts offloading positions to retail traders chasing trends. Price slows, tops form, and reversals begin. 📈 Mastering these phases