Not really, because “distribution day” is a term created by other traders. But you can't ignore a candle like Friday’s: it opened weak, closed weak, and had huge volume. The weekly chart also showed a bearish engulfing candle, with price trying to move higher but closing well below the prior week’s low. I'd call that a change of character. After such a candle, I'd either sit out or look for shorts. I don't recommend shorting to everyone because I believe it is much more difficult than trading long.
Watch on YouTube ↗: Do you consider distribution days in your analysis?10 Jun 2026 · 58:30@martinlukkt
Source: Too volatile | 10 Jun 2026