MATIC - Shift In Momentum - Practical Example 📚

10 באוג׳ 2023

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