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.
16 - 20 November |
weekly
forecast 16 - 20
November NIKKEI Monthly chart: the upward swing is ready, so far there are no clear signals that it would stop, but the bar is only half formed and still everything may happen. To maintain the overall bullish trend, it is necessary to break the last Top (20956), for downward reversal - we need breakthro |
09 - 13 November |
weekly
forecast 09 - 13
November NIKKEI Monthly chart: so, the upward structure in the phase of trend upward swing. There are no visual signs for the stop but monthly bar has just started. Formally, swing is already formed by two crosses and there is a danger of reverse of the movement. Let’s look at the situation on the smaller c |
02 - 06 November |
weekly
forecast 02 - 06
November NIKKEI Monthly: So, we wait for the second crossing upwards (in the framework of the upward swing) and will anticipate a continued trend (namely - further growth above the last vertex 20964) Weekly: on the local level we have downtrend (intersection of two consecutive swings down are marked |
26 - 30 October |
weekly
forecast 26 - 30
October NIKKEI Monthly: as we see, no inside bar was formed, the index surged without consolidation. It is quite possible to lead to a breakthrough to new highs (in case of a continued upward structure). There can be only one confirmation - breakdown of the last top (20969) Weekly: Here we remembe |
19 - 23 October |
weekly
forecast 19 - 23
October NIKKEI Monthly: Inside bar from the pivot area 16451-16883 is still being formed. If month closing confirms this - we'll have a very strong buy signal for November -December. Weekly: the upward swing is not yet been staffed, so we can expect both continuation of growth in the direction of |