Hi Everyone! I picked up where I left off from the Part Two video. This video provides an explanation as to what will determine if we are in Phase E of a Descending Wedge Accumulation Schematic OR if we are in Phase C of a Two Tiered Accumulation Schematic.
Here is the 2021 to 2022 chart along with POTENTIAL 2023 Re-Distribution:
Why am I saying "POTENTIAL 2023 Re-Distribution?" It depends on if we see not just a transition into Phase D with Sign of Weakness... BUT ALSO a transition from Phase D into Phase E with a Sign of Weakness event. If we see a Sign of Weakness in Phase E, we can then say we are in a 2-Tiered Accumulation Schematic and NOT in a Descending Wedge Accumulation Schematic.
Below, is the Descending Wedge Accumulation Schematic:
Here is the 2021 to 2022 chart along with POTENTIAL 2023 Re-Distribution:
Why am I saying "POTENTIAL 2023 Re-Distribution?" It depends on if we see not just a transition into Phase D with Sign of Weakness... BUT ALSO a transition from Phase D into Phase E with a Sign of Weakness event. If we see a Sign of Weakness in Phase E, we can then say we are in a 2-Tiered Accumulation Schematic and NOT in a Descending Wedge Accumulation Schematic.
Below, is the Descending Wedge Accumulation Schematic:
I changed the blue text bubble in the Descending Wedge Accumulation chart: