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.
22 - 26 June |
weekly
forecast 22 - 26
June NIKKEI Monthly chart: question of the month is will bears be able to close June by Inside Bar to start correction? We only have to wait. Weekly chart: downward swing can be attacked by bulls. Only failure of support 19025 can break an ascending trend. Day chart Bulls aim to reach (20649). |
15 - 19 June |
weekly
forecast 15 - 19
June NIKKEI Monthly chart: Tactics remains the same: waiting for signal of a starting descending swing, then will try to trade on it if it is good enough, for example, a confident Inside Bar and th4en will buy on trend in the end of descending swing (the best possible option — around 16390). |
08 - 12 June |
weekly
forecast 08 - 12
June NIKKEY Monthly chart: An abrupt upward swing is keeping on. Our tactics can be search of a reliable signal for sales as well new purchases from below once downward signal and Price Action long signals are received. Weekly chart: Bulls' inside bar has been received which speaks for Northern d |
01 - 05 June |
weekly
forecast 01 - 05
June NIKKEY Monthly chart: a strongest upward swing. We have no choice but to wait for correction to enter purchases in the bottom (supposedly - in the area16369). And of course, wait possible local signals for sales with a view to have a descending swing. Weekly chart: it is obvious here that th |