TLS in Long Term Monthly and Short term Daily Chart Analysis EOD 02/12/2015.

I will start with Monthly and even ignore Weekly Chart of TLS in order to eliminate confusion or analysis paralysis.

On this Monthly Chart below, all I wanted to highlight is the importance of the LONG TERM SUPPORT/RESISTANCE in Yellow. November DOJI CANDLE with it’s long wick did show the potential SMART MONEY presence at that level . We are only two trading days in to the month and  look at the last candle which gives us one of those pivots already if it finishes on it’s high, EOM.This is MONTHLY CHART we should remember which we will drill all the action on the next daily chart ( second chart)

tlsmonthlytctupdate

Now to the daily chart below.We drill TLS down with our Wyckoff Method of Analysis. PST,SCLX,AR,CREEK,JAC,LPS are all there, ending PHASE C and entering PHASE D as of today.In Wyckoff Method, there are three prescribed LONG POSITION entry points for it’s followers, two of which are on hand already. Please study our accumulation schematic.

I also marked the level where TLS would be considered in a new BULL RUN or PHASE E if Wyckoff  Method is applied.

The SPRING low is the LOW POINT of the November from the first chart. This level is a MUST HOLD if the SPRING is GENUINE.

Can the pattern fail ? Yes, absolutely and that is why the Whyckoffians, through their studies know when that would be.

DISCLOSURE : HELD

tlsdailytctupdate

Disclaimer

All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration. The information on this website is no substitute for financial advice.

 

Comments are closed.