VALE S.A.Short
An introduction to Wyckoff Theory using VALE W
Hello! VALE is in a consolidatory phase, and is set to increase in volatility soon. Going to take a miracle. The current trend is bearish. Time cycles show confluence as October 2023 being the next POI. This is not meant to determine price so much as it is to softly introduce you to a 4-step cycle: Up, retrace, revisit highs, selloff. This is NOT a suggestion of price, length of cycle, but serves to only give you an idea of what the market psychology is in the respective cycle that you are in.
This phase way of thinking is derived from a market psychology framework known as Wyckoff theory. No two patterns are the same. I simplified it with Up, Retrace, revisit highs and Selloff. This is a simpler way of a distribution pattern in Wyckoff theory. "Selloff" can flip to break out in a reaccumulation. It's important to note anything can happen in markets and there is no 100% way to determine the future.
I see a confluence between psychology, trend, and time cycles that indicate a likely bearish case for VALE. It will likely take years, but it looks like it might capitulate during that time. Not the best play out there right now, but one that I like to introduce new traders to market psychology
This phase way of thinking is derived from a market psychology framework known as Wyckoff theory. No two patterns are the same. I simplified it with Up, Retrace, revisit highs and Selloff. This is a simpler way of a distribution pattern in Wyckoff theory. "Selloff" can flip to break out in a reaccumulation. It's important to note anything can happen in markets and there is no 100% way to determine the future.
I see a confluence between psychology, trend, and time cycles that indicate a likely bearish case for VALE. It will likely take years, but it looks like it might capitulate during that time. Not the best play out there right now, but one that I like to introduce new traders to market psychology
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.