The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
As my previous analysis, i still stick to the same hypothesis
you can refer to my previous post of Inari in which i cover in depth in Pure Wyckoff Methode Perspective
Trade initiated yesterday (as attached)
The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Inari , i traded this stock since Spring until up to the JAC,
which then the stock did a local distribution (Yellow color) .
Based on 3rd Wyckoff Law , it seems that the price lingering around the projected Effect of the recent local distribution (Blue Color)
Based on this assumption from a Pure Wyckoff trader, I initiated the trade as shown below...
Scalpers intraday traders keep playing. Operators keep selling. Who will win this game?
>> broke 306 may ugly, broken the blue uptrend line will be uglier.
>>> May reach the peak for this round. Expected pullback, worst go to correction.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy...
INARI is trending down to long term cycle 13 ( Bold Green) toward 1.50 +/-. @ wave C ( Red Circled) Which is the last leg of complex double three running flat pattern ABC ( Red Circled) in wave II ( green).
Despite earnings miss expectations, the price & volume shows that the price is supported with intention to rebound in short term from yesterday 5 mins chart.
However, the upcoming rebound may just be a short term rebound to soften the price fall. Any longer term upside needs to be monitor.
Yesterday price & volume movement shows big boys are coming in to lift the price higher after recent price fall.
In 5mins charts showing supporting volume then mark up volume in.
22nd Nov intraday price & volume action shows big boys have the intention to mark the price higher with lesser volume created during price down.
Which signal selling pressure from the big boys is reduced compare to last week.
Our view : we are expecting a rebound in the next few days.
Inari price possible still hasn’t completed its correction as global chip still “oversupplied” “ temporally “..Now it is moving to cycle 13 ( green) until end of 2022 or early 2023.
ForEducationalPurposesOnly. Sorry. I’m not trying to educate you, I know you are very well educated adult. I Just share/ forward some investment information/opportunities as There are lot of misinformation / money games out there, me and my family’s member was a victims before.
INARi with Annually Dividen of around (5%-8%). Trading is not about “achieving” 1 + 1 = 2 (accuracy) BUT a probability of finding a setup with min of 1.5 : 1 = reward : risk ratio with min of 40% “chance” from trader edge ..George Soros : It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose...
