MATIC - Shift In Momentum - Practical Example 📚Dear TradingView community and fellow traders,
I am Richard, also known as theSignalyst.
The MATIC H4 chart has captured my attention due to its intriguing momentum structure shift.
📉 Following its rejection from the 0.9 - 1.0 resistance zone, MATIC has entered a bearish phase, marked by lower lows and lower highs— a classic MarkDown phase .
However, a noteworthy observation is the diminishing size and flattening of the impulse movements.
According to Charles Dow, this signals an early alert for a potential shift in momentum, which brings us to the Accumulation phase as per Richard Wyckoff.
Presently, MATIC appears to be consolidating within a significant range, spanning from 0.65 to 0.7 — an evident Accumulation phase.
🏹 For the bulls to take over, and the MarkUp phase to start, we need a momentum candle close above 0.7 zone marked in green.
I hope you find this post useful, and I would appreciate your likes and support.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard
Shiftinmomentum
Momentum Attempting to Shift in Favor of Bulls in Cannabis Many Cannabis stocks have been getting beat down as of late with some down 35%+; At this point in time it would seem that many of these Cannabis stocks are in areas of value while showing seller exhaustion.
This leads me to believe that soon we will see an Uprising in many of the Cannabis plays we're all familiar with and possibly even see some of the undermentioned plays attempt a rally with them.
Because of this i think that this ETF so long as it stays above $20.50, should see much higher prices in the Mid term future.
