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.
| 21 - 25 December |
weekly
forecast 21 - 25
December NIKKEI Monthly: continued development of the downward swing with threat of reversal (in the case of breakdown of support 16883) Weekly: developing a descending pattern, waiting for the continuation of decline in the area of 16883 daily: an almost perfect work on the bearish pattern |
| 14 - 18 December |
weekly
forecast 14 - 18
December NIKKEI Monthly: a downward swing began. If he can flash support 16883 - the trend may reverse. Therefore, if we are based on a continued growth of the index, the upward swing is to find a new bottom not below this level (see the red arrow) Weekly: here we have an already shaped downward s |
| 07 - 11 December |
weekly
forecast 07 - 11
December NIKKEI Monthly: The first week of the month is in November range, and it is too early to talk about the inside bar. We are based on the assumption about continuation of growth above the last Top (20956). Weekly: downward local swing is possible (the first intersection down from the two requi |
| 30 November - 04 December |
weekly
forecast 30 November - 04
December NIKKEI Monthly: Month is closed on a confident level. There is no reason to expect a downward reversal, so we expect a continued growth of the index aimed to break above the recent High (20956). Weekly: some reversing bar can run a small two-week correction in the direction of the broad and st |
| 23 - 27 November |
weekly
forecast 23 - 27
November NIKKEI Monthly: meanwhile bullish swing looks very impressive. Until the end of the month there is still some time, and the trend could change. But as long as there is no apparent reason - we are waiting for further upward movement, with break above the recent peaks (20969) Weekly: it seems |
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