nevertheless. consolidation in the chart is not completely MM manipulation. That's impossible. joelwy is right in that it stems from us NOT selling as well as flippers flipping. No matter which way you put it INVESTORS can only put in so much volume in so much time... When the large surge in volume dries up we consolidate as people continue to buy in much smaller chunks.
When we consolidate the flippers selling truly comprise MORE volume than those buying. This stops upward price movement and moves us sideways with the much smaller volume from longs.
In short, MM's do not just simply say OK. We consolidate... HERE. Does NOT work that way.