I've only recently looked at Justin Mamis sentiment cycle. I post and trade a lot of breakouts from descending angles, which is essentially looking for areas where the market is shifting from aversion to denial, and then I ride the wave of returning confidence.
The subtle warning and the overt warning are great signals to take profit. We can see these on multiple time frames for
TSLA
right now, in a pattern that includes consecutive lower highs and lower lows on the weekly.
Justin Mamis Sentiment Cycle:
https://s3.tradingview.com/o/o1UXfYG4_big.png
The subtle warning and the overt warning are great signals to take profit. We can see these on multiple time frames for
TSLA
right now, in a pattern that includes consecutive lower highs and lower lows on the weekly. Justin Mamis Sentiment Cycle:
https://s3.tradingview.com/o/o1UXfYG4_big.png