New monthly Power Of Three:
4 weekly candles to form a monthly candle.
So there will be 4 weekly PO3 within 1 monthly PO3.
Accumulation => Manipulation => Expansion
I anticipate the first week there should be a accumulation phase.
Determine the previous dealing range to find out the premium and discount range.
Short term trades back into the discount range and long term continues higher.
4 weekly candles to form a monthly candle.
So there will be 4 weekly PO3 within 1 monthly PO3.
Accumulation => Manipulation => Expansion
I anticipate the first week there should be a accumulation phase.
Determine the previous dealing range to find out the premium and discount range.
Short term trades back into the discount range and long term continues higher.
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.
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.