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.
07 - 11 September |
weekly
forecast 07 - 11
September NIKKEI Monthly chart: the downward swing has been formed, but signs of its end are not here yet. Therefore, we expect beginning of a possible deepening of the upward swing. The best possible depth of this decline is the pivot 16463 (the last Top). From there you can expect formation of Long s |
31 August - 04 September |
weekly
forecast 31 August - 04
September NIKKEI Monthly chart: one day is left before closure of the bar, and this day will be very important because it will show the real mood of the market - either a fall or a new upward attack. Weekly chart: we have two subsequent breakdowns of swings, so we are based on continuation of the desc |
24 - 28 August |
weekly
forecast 24 - 28
August NIKKEI Monthly chart: bears claim for significant results at the end of the month. All this leads to a high probability for longer time of the downward swing. Rising structure will be quite comfortable at a depth of 16,400. The weekly chart: Here we have a local downward structure, with two |
17 - 21 August |
weekly
forecast 17 - 21
August NIKKEI Monthly chart: an upward swing continues, there is no place to enter into it, and in the beginning there was no signal of the downward signal. We are waiting for clarity after the monthly bar will be closed. Weekly chart: despite an intense refinement, bearish Over & Under is still |
10 - 14 August |
weekly
forecast 10 - 14
August NIKKEI Monthly chart: bulls have a chance to have a growth kept in case of maximum increasing. But upward swing is very long and, for sure, there is an expectation of downward swing. Weekly chart: we see a bear Over&Under pattern so the last peak (20969) is not increased yet - the |