Currently tracking two distinct Wyckoff ranges on TCL, each color-coded for clarity. The structure is clean despite a few lines—each range tells a story.
Accumulation Zones
Key buying opportunities are emerging at the LPS (Last Point of Support), marked by higher lows. These are classic signs of strength and absorption.
Resistance & Breakout Potential
Expect notable resistance around $15.55, but a breakout is likely. We’re approaching a Gann 4th-time breakout setup, which historically carries strong momentum. If price reaches this zone with expanding volume and wide candle spreads, it adds conviction for a Sign of Strength (SOS) and a potential pullback to retest.
Targets & Confluence For take-profit zones, I’m watching:
Yearly pivots
Range extensions from both Wyckoff structures (100%, 150%, 200%)
Gann extensions for harmonic targets
This setup blends structure, volume dynamics, and time-price symmetry. If the breakout confirms, TCL could offer a textbook Phase E markup.
*please note no time analysis is done, just looking at pathing
Accumulation Zones
Key buying opportunities are emerging at the LPS (Last Point of Support), marked by higher lows. These are classic signs of strength and absorption.
Resistance & Breakout Potential
Expect notable resistance around $15.55, but a breakout is likely. We’re approaching a Gann 4th-time breakout setup, which historically carries strong momentum. If price reaches this zone with expanding volume and wide candle spreads, it adds conviction for a Sign of Strength (SOS) and a potential pullback to retest.
Targets & Confluence For take-profit zones, I’m watching:
Yearly pivots
Range extensions from both Wyckoff structures (100%, 150%, 200%)
Gann extensions for harmonic targets
This setup blends structure, volume dynamics, and time-price symmetry. If the breakout confirms, TCL could offer a textbook Phase E markup.
*please note no time analysis is done, just looking at pathing
Trade ativo
getting very early signs of price movement. nothing changed, still looks good.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.