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my choice
would be either the second stage of re-distribution in an MMSM or the second stage of re-accumulation in an
MMBM.”
DOL
LUMI TRADERS
BB+
STL
50%
STL
STL 1st Stage of Accumulation
(Turtle Soup)
lumitraders.com
LTL
The reversal should lead to a bounce of at least 50% from the SMR to the BSL. If it achieves this, and then begins to drop
once more, I'll look to correlate it with the other side of the curve, where the market previously dropped before reversing.
This will provide me with an array that initially signaled a bearish trend but now acts as a reversal ‘indicator’. This marks the
second stage of re-accumulation, and it usually happens swiftly, pushing prices towards the buyside.