$MATIC

After being rejected from the 0.9 - 1.0 resistance zone, MATIC has entered a bearish phase, characterized by lower lows and lower highs—an indicative Markdown phase.

A notable observation is the diminishing size and flattening of impulse movements.

Following Charles Dow's principle, this hints at a potential momentum shift, leading to the Accumulation phase, in line with Richard Wyckoff's framework.

Currently, MATIC seems to be consolidating within a substantial range of 0.5 clearly depicting an Accumulation phase.

For a potential turnaround and the initiation of the Markup phase, a momentum candle close above the 0.6 zone, denoted by the black rectangle, is required.