AMD occurs across all timeframes as institutions accumulate and distribute size. Patterns snapshot liquidity and structure.

We wanna drive price lower, but we need to manipulate, right? We need to accumulate buyers, right? Where are we gonna accumulate buyers by selling it off here? Buy stops above the market and then we're gonna distribute it lower. Everything is AMD on one time frame or another because that's how size gets in and out of the market. That creates those patterns which are really just a snapshot of liquidity and market structure. And last but not least, it all comes together when you have the context of everything that we've described in this series so far. So that's it for episode 23, guys. I hope that you enjoyed. The next episode is going to be the last episode in phase four and then we're moving on to phase five, which is the final phase of this entire video series.