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.
2015 | EURUSD | GBPUSD | USDJPY |
30 Oktober | The daily chart: yesterday we received an impressive bullish inside bar, which can completely reverse the trend (if bulls can bring euro above the last top, 1.1095. see the red arrow). However, the downward trend was very strong, so we have to proceed from the fact that bears will cope with the situ | The daily chart: the inside bullish bar has been received, and bears were not able to provide a downward structure with the next intersection of swings down. This poses a threat to the market reversal (blue arrow). But we can not exclude the triangular consolidation that will help sellers again. To | The daily chart: confusion in the structure. Yesterday bulls received a very good IB and instead of active breakup to new highs (and confirming, via this, a rising structure) allowed a double top and now it threatens them with a full loss of all dividend if bears can break through the last bottom (1 |
29 Oktober | |||
28 Oktober | |||
27 Oktober | |||
26 Oktober |