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.
| 03 - 07 August |
weekly
forecast 03 - 07
August NIKKEI Monthly chart buyers had run a great counter-attack (after a seemingly successful beginning of the downward swing), received a bullish closing. However, as long as the local O&U is not broken (which we discussed last week, and opened a deal) - we are based on expectations of a decli |
| 27 - 31 July |
weekly
forecast 27 - 31
July NIKKEI Monthly chart: Here is a strong counter-attack of bulls against the first downward crossing, to which bears tried to respond by a downward swing. Sellers have sharply one week to modify a terrible July bar. Weekly chart: as we see, a bearish pattern O&U is in the process and that |
| 13 - 17 July |
weekly
forecast 13 - 17
July NIKKEI Monthly chart: a descending swing was predicted though bulls try to resist. As long as we have a risk that month will be closed by pinbar, younger charts show arguments that decline will continue. Weekly chart: we have the first crossing of swings down as well as O&U pattern formed on yo |
| 06 - 10 July |
weekly
forecast 06 - 10
July NIKKEI Monthly chart: waiting for a downward correction during all summer (because the swing different from descending requires two downward crossings at a row). Weekly chart: control support - 19866. Its breakthrough will form bearish Over&Under with the entry point from 20663. Dail |
| 29 June - 03 July |
weekly
forecast 29 June - 03
July NIKKEI Monthly chart: a massive ascending swing is close to the end. It is likely that we will face 2 months' downward correction. Weekly chart: possible trade to fit this correction - a probable bearish Over&Under from 20656. To form, support 19867 is required to put into the monthly scen |
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