TA Analysis
After BO DTL line, currently moving in stage 1 (4 stages market cycle) or accumulation phase (Wyckoff theory).
As a swing trader, we shouldn't trade on this stage, as we don't know when it will change to stage 2 and moving up.
The only confirmation for stage 2 is when it breaks the resistance of 'box', and 200ema cloud is below the price.
#dyor #tayor
As a swing trader, we shouldn't trade on this stage, as we don't know when it will change to stage 2 and moving up.
The only confirmation for stage 2 is when it breaks the resistance of 'box', and 200ema cloud is below the price.
#dyor #tayor
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.