cdn.discordapp.com/attachments/341545603441885184/543766825603694622/PNG_Image_1875_1031_pixels.png
Firstly let's think about Candlestick Analysis. As you know, a 1D candle is a blended candle composed of 24 1H candles, and a 1W candle is a blended candle composed of 7 1D candles. That's point 1. Point 2 is that this perfect Tom Demark Setup + Countdown is the *first* which has occurred in this Bear market cycle. The relevance of this cannot be more strongly emphasized. If we consider "*the herd*" to be obsessed with 1m, 5m, 15m, 30m, 1H, 6H FUD, eventually all of this FUD and TradingView "Expert Analysis" culminates into a 1D candlestick which experts look at to find candlestick reversal signals:
Shooting Star, Hammer, Bearish Engulfing Pattern, Bullish Engulfing Pattern, Evening Star, Morning Star. Professionals wait for these signals at legitimate support/resistance to open/close trades. These are swing/momentum traders, and they are successful. Big money "whales" are looking at these and they use 1D candles to manipulate the market as these potential reversal areas are the perfect leverage/breaking point where price can be forced in one way or the other. That's the small perspective. The Big Game comes in > 1D charts and again if you look Point 2, *the first perfect Tom DeMark* setup+countdown on a 1W chart, what happened immediately thereafter? A sudden 10% increase in price because big money knew where to buy while *the herd* did not. 1W long game.
The Setup represents momentum visa vi 9 consecutive higher/low candles. This Setup kicks off the trend, count down visa vi 13 candlesticks, and you know the math so I don't have to describe that. We are exactly a POINT #1 of the new trend, Bullish. We had the Bearish 1-9, then the 34% rally, followed by the continuation of the Bearish trend, 1-13, and this necessarily has culminated in the specific purpose of the Tom DeMark TD Sequential indicator: identify exactly the point of trend exhaustion. The Bearish trend is exhausted here. Therefore it stands to reason and the charts support that whether immediately sequential or not we should expect a 1-9 WEEK period bullish correction here.
When I say that the charts support this I'll provide screenshots of various timeframes showing this blended outlook:
cdn.discordapp.com/attachments/341545603441885184/543808382960795668/1.png
1W: Bullish Engulfing Pattern lays down support at the bottom of S13 at 3357. Imminent MA 3/12 Golden Cross.
1D: Morning Star lays down support at 3357. MA 3/12 Golden Cross has executed. Bearish Engulfing Pattern resistance breakout. Tenkan breakout.
12H: Bearish Engulfing Pattern resistance is at DeMark 1234, not near finished with it's bullish momentum, and Ichimoku resistance is thin.
7H: Sequential 23456 is within the Ichimoku supply cloud... (continued below)
cdn.discordapp.com/attachments/341545603441885184/543810185966256138/Screenshot_from_2019-02-09_16-07-27.png
7H (continued): The bullish move is in the supply cloud . The arrow shows exactly that supply is being absorbed by demand. A pullback to test Bullish Engulfing Pattern resistance-turned-support is standard practive and lines up with 123456 extension, Kijun, Tenkan, and MA 12.
4H: Supply was overcome by demand.
1H: Kijun and Bearish Engulfing Pattern reinforce this area as strong support.
All put together and I expect a standard small correction to test support, followed by the 1W DeMark bullish trend.
Firstly let's think about Candlestick Analysis. As you know, a 1D candle is a blended candle composed of 24 1H candles, and a 1W candle is a blended candle composed of 7 1D candles. That's point 1. Point 2 is that this perfect Tom Demark Setup + Countdown is the *first* which has occurred in this Bear market cycle. The relevance of this cannot be more strongly emphasized. If we consider "*the herd*" to be obsessed with 1m, 5m, 15m, 30m, 1H, 6H FUD, eventually all of this FUD and TradingView "Expert Analysis" culminates into a 1D candlestick which experts look at to find candlestick reversal signals:
Shooting Star, Hammer, Bearish Engulfing Pattern, Bullish Engulfing Pattern, Evening Star, Morning Star. Professionals wait for these signals at legitimate support/resistance to open/close trades. These are swing/momentum traders, and they are successful. Big money "whales" are looking at these and they use 1D candles to manipulate the market as these potential reversal areas are the perfect leverage/breaking point where price can be forced in one way or the other. That's the small perspective. The Big Game comes in > 1D charts and again if you look Point 2, *the first perfect Tom DeMark* setup+countdown on a 1W chart, what happened immediately thereafter? A sudden 10% increase in price because big money knew where to buy while *the herd* did not. 1W long game.
The Setup represents momentum visa vi 9 consecutive higher/low candles. This Setup kicks off the trend, count down visa vi 13 candlesticks, and you know the math so I don't have to describe that. We are exactly a POINT #1 of the new trend, Bullish. We had the Bearish 1-9, then the 34% rally, followed by the continuation of the Bearish trend, 1-13, and this necessarily has culminated in the specific purpose of the Tom DeMark TD Sequential indicator: identify exactly the point of trend exhaustion. The Bearish trend is exhausted here. Therefore it stands to reason and the charts support that whether immediately sequential or not we should expect a 1-9 WEEK period bullish correction here.
When I say that the charts support this I'll provide screenshots of various timeframes showing this blended outlook:
cdn.discordapp.com/attachments/341545603441885184/543808382960795668/1.png
1W: Bullish Engulfing Pattern lays down support at the bottom of S13 at 3357. Imminent MA 3/12 Golden Cross.
1D: Morning Star lays down support at 3357. MA 3/12 Golden Cross has executed. Bearish Engulfing Pattern resistance breakout. Tenkan breakout.
12H: Bearish Engulfing Pattern resistance is at DeMark 1234, not near finished with it's bullish momentum, and Ichimoku resistance is thin.
7H: Sequential 23456 is within the Ichimoku supply cloud... (continued below)
cdn.discordapp.com/attachments/341545603441885184/543810185966256138/Screenshot_from_2019-02-09_16-07-27.png
7H (continued): The bullish move is in the supply cloud . The arrow shows exactly that supply is being absorbed by demand. A pullback to test Bullish Engulfing Pattern resistance-turned-support is standard practive and lines up with 123456 extension, Kijun, Tenkan, and MA 12.
4H: Supply was overcome by demand.
1H: Kijun and Bearish Engulfing Pattern reinforce this area as strong support.
All put together and I expect a standard small correction to test support, followed by the 1W DeMark bullish trend.
Note
From: All put together and I expect a standard small correction to test support, followed by the 1W DeMark bullish trend .To: All put together and I expect a standard small correction to test support, followed by the 9W DeMark bullish trend .
;)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.