If the uptrend has sustained for a greater time (12Mo) whereas the correction is relatively quick and deep (3Mo), as though it is in a hurry to complete a pattern, it is usually the accumulation zone for a fresh impulse wave. 
Whereas, if the correction is taking its own time & allowing (i.e inviting) people to buy, it is usually a distribution prior to multi-year stagnation
Smart money knows deep, swift corrections scare retail investors into selling, while long consolidation attracts value investors
Smart money knows deep, swift corrections scare retail investors into selling, while long consolidation attracts value investors
Moral : Smart money is smart for a reason
They don't do what laymen do i.e consensus buying in 'value stocks'. Possibility of returns is greatest at the point where your brain tells you "it's too risky to buy THIS at THIS PRICE".
"Deep value emerging" = smart money has exited.
They don't do what laymen do i.e consensus buying in 'value stocks'. Possibility of returns is greatest at the point where your brain tells you "it's too risky to buy THIS at THIS PRICE".
"Deep value emerging" = smart money has exited.
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