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.
12 - 16 October |
weekly
forecast 12 - 16
October NIKKEI Month: a very promising place to start a new upward swing - pivot area from the previous High 16403-16857. October bar could eventually close the inside bar that would confirm Northern expectations. Week: a successful start-up of work on the expressed pinbar we recovered last week. The |
05 - 09 October |
weekly
forecast 05 - 09
October NIKKEI The month chart: down-swing reached pivot zone 16440-16857. All prerequisites for start of a new upward swing. But will bulls take advantage of this opportunity? The weekly chart: fortnight unsuccessful attempts to break down the inside bar - it's definitely the northern karma. You ca |
28 September - 02 October |
weekly
forecast 28 September - 02
October NIKKEI Monthly: we still observe formation of a monthly bar, which still has the potential to become inside bar. The nature of the closing will be discussed by us in the next review. So far, the structure has been rising, so current pullback are close to completion. Weekly: as we see, the |
21 - 25 September |
weekly
forecast 21 - 25
September NIKKEI Monthly chart: a continued downward swing. Current bar is located in the August range, i.e., yet we do not have any signals about stop of the downward movement or the return signal. If the swing continues, we shall pay particular attention to probable emergence of long signals around 164 |
14 - 18 September |
weekly
forecast 14 - 18
September NIKKEI Montlhy chart: quotes in September are still within the range of August and there are reason for the IB's formation. Such bar would help bulls. Week chart: unsuccessful attempt to break down significant inside bar, which allows you to rely on formation of rolling swing up prior to |