As the part of any natural process, market quotations have a cyclical character. Trend cannot avoid pullbacks, corrections, final phases, reversals and flat periods.
Not only definition of current status of market is important for a trader. “Prediction” (or, which is more precise, anticipation) of coming mood of any traded instrument is important too. What is crucial is to find a trading decision that will work exactly for you with the best possible estimation of risk and profit.
Method of Alexey Panasenko has proved itself as an efficient way to estimate status of market and find reliable trading recommendations. The author has been working with his own trading system for a long time and this system combines price action method with overlapping of Gann swings to the chart.
25 - 29 January |
weekly
forecast 25 - 29
January NIKKEI Monthly: beginning of a downward structure was laid, now it is the time of bears to act Weekly: there is a probability of the rising swing towards stronger pivot zone of 18898-19092, where we can search for short signals a new downward swing. Daily: similar picture. A new up-swi |
18 - 22 January |
weekly
forecast 18 - 22
January NIKKEI Monthly: The index has set to the downward reversal, pierced the last bottom and there are no signs that southern pressure would end. Goal - 13852 Weekly: we also see development of the downward structure. It is safer to enter after a corrective upward swing. daily: the same p |
11 - 15 January |
weekly
forecast 11 - 15
January NIKKEI Monthly: active testing of the downward swing, there is every reason to believe that the last bottom (16883) will be broken Weekly: good support in the area of 16520 can form an upward pullback before the fall will continue. The daily chart: a similar situation Expectations |
04 - 08 January |
weekly
forecast 04 - 08
January NIKKEI Monthly: we expect finishing drawing of the downward swing, and hence a new local Low. This will be an opportunity for a breakthrough under the last bottom (16883) Weekly: the upward swing lacks another upward intersection (see the red arrow), but decline can go without such a mane |
28 December 2015 - 01 January 2016 |
weekly
forecast 28 December 2015 - 01 January 2016
NIKKEI Monthly: it is clear that the next bar will be used by bears to set a new Low within the framework of the downward swing. The question is only ability is to reverse the trend down (for which they need to break through the last bottom 16883, see the black arrow). An alternative would be J |