Verasity Macro Wedge About to Break
VRA has been consolidating over a substantial amount of time during its accumulation phase.
I think we may see a little more lower time-frame consolidation before a breakout.
VRA has reclaimed green (demand macro S/R) and should hold above this level for a breakout.
In my opinion, gone are the days of trading inside yellow (accumulation).
However, considering we see have yet to make a macro higher high, I consider this entire range within the wedge a large accumulation area.
Targets above marked T1, T2, T3 once this takes off.
Cheers,
Vatsik
I think we may see a little more lower time-frame consolidation before a breakout.
VRA has reclaimed green (demand macro S/R) and should hold above this level for a breakout.
In my opinion, gone are the days of trading inside yellow (accumulation).
However, considering we see have yet to make a macro higher high, I consider this entire range within the wedge a large accumulation area.
Targets above marked T1, T2, T3 once this takes off.
Cheers,
Vatsik
Vatsik
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