Demark worksJust de mark works
We can see that apparently de marks works flawlessly as we gained our first goal, to further see closing the second one
DM Indicator
$KWEB beautiful Demark signalsI love how beautiful and elegant the TD Sequential has been working on $KWEB. I am looking for a 9 buy to add to my $KWEB positions and some Vietnamese stocks as well.
SPX pullback end of weekTom Demark famously described TD supply and demand lines. In doing so, he also described tendency for price action to involve symmetry upon the upward or downward break of a trendline.
In this case, price has broke downward from the most recent TD demand line. Demark provides a step-wise approach to project price based on trend break. In essence, take the absolute highest (lowest) top from the trendline and resolve that distance at the exact point of trend break.
Extrapolating this method, we see that the projected price is approximately 4430-40 which also is the backtest of the recent breakout.
On higher time frames, the exact bottom of this recent trend could be predicted by extrapolating the distance from the TD demand line on November 5, 2021 to the breakdown on January 18, 2022 which gives approximately 350 points down, which is where price settled and reversed.
Snapchat-- A buy or sell?Everyone is aware of the tension between snapchat and its competitors. However, those tensions do not need to dissolve for the share price to move to the upside. I believe we hit rock bottom near the share price of 26.
FTCH: BIG SUPPORT. BOUNCE SOON?FTCH :
A lot of tech charts look similar.
- big zone of support -resistance here as you can see on the chart
- Demark sequential 9 weekly
Again, we're going against the trend but I like the risk vs reward for a long swing trade here, cuz I can have my stop loss not too far.
Trade safe!
PUBM: another bounce candidatePUBM :
Growth stock. Bounce candidate.
Why?
1. We retraced 78% of the move that started in October. This level is good to initiate a long trade because it allows you to place a stop loss not too far below the line.
2. Demark Sequential is on a 9 daily . (More details below on Demark indicators)
3. RSI is low and at a level where we have seen substantial bounces in the past.
Depending on how markets open, I will look for a long entry around the current level. Swing trade .
My initial target will be 30-32, then I'll reassess. The success of the trade will depend on how Nasdaq behaves so I'll be careful and monitor the indexes closely.
I also like the fundamentals of this company for long term so I might consider a long term investment as well.
Note:
DeMark Indicators are designed to anticipate turning points in the market.
A Buy Setup occurs when there are 9 consecutive closes less than the close four days earlier.
Trade safe!
BTC unfolding??I do not like what I see in this chart and I am really wish to be proven wrong by the markets.
However, as it stands, it does look like BTC might be on it's way for a major drop in price.
I plotted both a TD Projection and a Head & Shoulder pattern on the chart, both figures are hinting at a very strong possibility for a drop in price to less than $20.000.
As a strong advocate and believer in this technology and it's social implications I do really wish to be wrong.
Please, tell me I am.
Thank you.
BITCOIN PRICE CONSOLIDATING SHOWING BULLISH INDICATION.Looking at Stoichmetric and RSI showing consolidation with a possible Bullish pattern. Waiting on DeMark Confirmation to see if it will be bearish or bullish, but the DeMark have been bullish green trending numbers. With the amount of consolidation it looks like it will be a dramatic change coming.
BTC - ShortThe key to higher/lower prices is whether MA 3/12 Dead Crosses or not.
There is sufficient evidence to suggest the the market will fall to lower fib levels.
ETH Perspective:
BUY BITCOIN NOWTARGETS:
20%: $79,000
30%: $105,000
50%: $234,000
TL;DR:
Monthly momentum is 2-of-9 and Monthly trend is 7-of-13. Lower timeframe TD Sequential reversal signals are going to be much weaker than under normal circumstances.
Breakdown:
$APPS looking strongNice V shape recovery. Ad-tech business. Printed a 9 sell above TDST resistance, indicating a continuation to sequential and combo. A good candidate to trade long if the market finds a bottom
Steel had a good run, but it showing signs of weakness.Steel had a massive rally from the March 2020 low. Not calling it just yet but it sure does have all the symptoms of a top:
Extended run. 3 legs usually end it. Topping weekly 9 being bearing engulfing bar. Printed a weekly 13 sequential on the way back up with low volume and this last week see big volume down.
Is $AAPL daily 9 buy a good time to add. History says so.I'm not a crazy apple fan boy but I sure am a big $AAPL stock fan boy. Just zoom out a bit and saw how wonderful an add is at the daily 9 buy if you believe in the stock long term. The 9s don't always mark the bottom of the pullback, but they are close enough :) When you know something has great fundamental and its stock just keeps going up, just add on the 9!
$BMBL good IPO play imo$BMBL has already made a 50% down move from IPO high - a pattern I myself have observed to be working really well. I applied this observation to the $HOOD play and it worked really well.
$BMBL printed a very good-looking 9 day above TDST support a few days ago.
Looking to buy this reopening play. Other dating stocks should also be on watch. I currently am holding a reopening play $ABNB and it is working well too.
$TSLA support bounce at consolidation 9I've talked about consolidation 9 a bunch on my twitter and previous ideas. I believe $TSLA will join $NVDA and $PYPL in having a continuation 9 and burst higher. $TSLA has a strong hammer candle at previous resistance turned suppport.
Reminds me of $CRWD
$PYPL another consolidation 9Lots of consolidation 9 on the market. I have expressed interest on twitter @kidzevn about consolidation 9 continuation pattern. When the 9 is inside a range, a close above any bear candle is a great add. Same setup right now with $NVDA.
We are also holding 9 period VWEMA (Volume-weighted exponential average), hugging this line is an indication of a bull run.
I will never miss a $HUYA combo 13 againThe stock reacts so well to the combo signal. Yes chinese stocks are bouncing, but this stock specifically was crushed and gave an amazing demark signal
$TASK strong ipo. combo 13Did not look into this stock but the hype is quite real. Let's see how it reacts to the combo 13 signal.
$SPRT printed a combo 13for abrupt and impulsive price move, the Demark Combo works well historically and statistically. $SPRT is a recent short squeeze and this might signify a buying exhaustion point.
regret in $FTNTI sold all my $FTNT holdings at the last 2 combo 13. Am I regretting the sale? Yeah.
I value $FTNT at about 50% overvalued (surprisingly every other high growth tech companies are sitting at this valuation too) and the move up has been really extended.
I should have held just a little just in case. Right now we are looking to break ATH
looking to short $APPSWeekly is overblown, lost the higher low. If daily comes back to the 200 ema it is a candidate for short.
Both daily and weekly gives C wave target at $41.
