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DM Indicator

USDTRY: WeeklyAs you see, current bullish move was already predictable from October 2019 using TD (DeMark) breakout projection no. 2. Now, price is facing very strong support - May central pivot range (CPR), May Camarilla S3 reversal level, yearly classic S2 pivot, yearly Fibonacci S3 pivot (did not plot the last 2 to have it more clear - but they are there) all at same point, confluence with May S3 reversal level. If this level holds and price is rejected, what is also possible, it will bounce up and continue in uptrend or range above monthly CPR. If price breaks through monthly pivot range, as it is moving quite decisively into it and we have got that weekly pin bar reversal on top, short trade may be taken to former yearly roof R4, now support. At any case May CPR (I highlighted it black) is a fulcrum which holds the price now. If it is pierced through, that is it. After reaching highs, Turkish lira makes those descending ranging tails. What might be a scenario here. But there is a concern - price missed April pivot and April CPR, did not even test those. Such things occur at the onset of strong trends. Next month (or be it a day, week, depending on chart) price pulls back to the pivot and continues higher. So it is very important what happens at May CPR (that highlighted black zone). Price should move lower and touch S3 - May pivot. Then we will react depending on how it will behave after that. S4 is May floor. May roof R4 was pierced, that should be noted too. THIS IS NO FINANCIAL ADVISE. FOR EDUCATIONAL PURPOSES ONLY.
by ICFX
1
April 30 - Buying the PullbackDaily: - Perfected Daily TD Sell Setup (8). 9 looks like it will develop into an Evening Star. - Hidden support level 50% into tall candle. - PB&J within 61.80% & 78.60% fib. Description (from bottom to top): - Morning Star at 50% of previous swing drew horizontal support. - Nison traders opened longs at 6850.60. - SMA 10 / EMA 30 Golden Cross activates Nison PB&J long strategy. - TD Sequential made a sell date obvious and price topped exactly at the minor down trend line. Action Plan: Expect the next candle to come down at least 50% into the tall white candle, creating an Evening Star bearish reversal and locking the market in a trading range between Evening Star ($9845) and Shooting Star (7469). The 50% area should be an excellent place to look for Swing Trade longs on lower time frames. Pay Special attention to the Sweet Spot between SMA 10 & EMA 30 as that is the ideal buy zone. Expect the $7469 Weekly Shooting Star support to hold strong. Daily charters can look to the Stochastic lower band for entry guidance. Psychologically the people have had success and they want more. Profits were taken at the obvious Daily TD Sell level exactly at the minor down trend line. The natural order of things to follow are a) pullback, and b) attempt to break minor trend line with the greedy goal of hitting the major trend line. Assuming an uninterrupted decline, the next Daily TD Buy Setup would occur on 10 May.
BITSTAMP:BTCUSDShort
by zerocashcool
6
ETHUSD - Swing Trades// This post will be one continuous log of Nison/DeMark Swing Trading opportunities. Look for long opportunities on bullish candlestick reversal signals at 50% large candle retrace near $202.69 . THE ASCENDING TRIANGE PATTERN BREAKOUT TARGET HAS ESSENTIALLY BEEN REACHED AT THE DEMARK 9 SELL, EXHAUSTION POINT. A LITTLE KNOWN HIDDEN SUPPORT LEVEL IN TRADING IS THE 50% FIB OF A VERY LARGE CANDLE, SUCH AS WE HAD IN THIS MOVE. LET'S ASSUME THAT INEXPERIENCED TRADERS ARE BUYING THE TOP HERE AND LOOK TO BUY AT THE HIDDEN 50% SUPPORT LEVEL NEAR $203, NEAR/WITHIN THE IDEAL PB&J ENTRY LEVEL AT EMA 30. LOOKING AT THE PARALLEL CHANNELS, WE SEE ALSO THAT WE'RE NEAR THE TOP. A PULLBACK HERE MAKES THE MOST SENSE. GIVEN SEVERAL OTHER FACTORS I BELIEVE THAT THE NEXT PROFIT TARGETS AFTER THE PULLBACK ARE IN THE UPWARD CHANNEL ABOVE THE PRESENT ONE. TAKE PROFITS. HAVE FUN!
KRAKEN:ETHUSD
by zerocashcool
2
Bullish trend to continueMonthly and weekly R4 roof (last week) breakouts. Last week´s R4 breakout continue the next week usually. Price pulled back to weekly pivot (as it usually does) and hit weekly reversal level S3. DM breakout projection (using daily chart ) sends price to weekly R5. PS Gold is a class of its own. It trends differently from other commodities ( oil , copper ). Huge demand for gold in times of covid crisis. I would not expect any big bearish sell offs now. ---------- For educational purposes only.
OANDA:XAUUSDLong
by ICFX
1
Developing breakdownBreakdown is likely as we got DM breakdown qualifier 1 (prebreakout candle pullback - that green bullish weekly candle, then - the next bearish candle managed to close right on the trendline signifying strong bearish pressure. Current week's candle should be nice bearish breakdown candle). Intermediate target DM montly pivot. Ca. 53 pips. Long term target classic monthly S1. Top Absolute Correlation 1 SGDJPY - CADJPY 90.5% 2 SGDJPY - NZDJPY 87.3% 3 SGDJPY - SEKJPY 86.4% 4 SGDJPY - ZARJPY 85.6% 5 SGDJPY - AUDJPY 85.4% 6 SGDJPY - GBPCHF 84.6% 7 SGDJPY - JPN225 83.2% 8 SGDJPY - USDSGD -82.6% 9 SGDJPY - HK50.n 81.8% 10 SGDJPY - HK50 81.7%
Short
by ICFX
DM analysisThere was a major breakout on daily and 4 hrs chart, the move is not completed. What we are seeing now is a pullback to weekly CPR - monthly S3 value top (that is where DM projection sends it), a short term bearish counter-trend move. From there I would look for a great long setup. Top Absolute Correlation 1 XAUUSD - XAUEUR 97.7% 2 XAUUSD - XAGEUR 93.2% 3 XAUUSD - XAGUSD 90.9% 4 XAUUSD - USDJPY -90.6% 5 XAUUSD - AUDNZD 87.3% 6 XAUUSD - XPTUSD 85.6% 7 XAUUSD - EURHUF -83.0% 8 XAUUSD - GBPSGD 82.9% 9 XAUUSD - GBPNOK 82.7% 10 XAUUSD - AUDSGD 81.8%
OANDA:XAUUSDLong
by ICFX
Study of Tom DeMark D-Waves on actual BTC USD price actionI love the fact Tom DeMark gives strict and precise rules on how to determine his indicators and patterns. I have applied his rules for TD D-Waves (his own variation of Elliot Waves) to the actual BTC USD price action. To origin D-Wave 1 you need to have a 21 low bars close (a close less than all twenty prior closes), then the D-Wave is confirmed when you have a 13 high bars close (a close that is higher then all twelve prior closes). The fade and completion of D-Wave 1 will come when you have a 8 low bars close (a close less than all seven prior closes) and this means also that D-Wave 2 is in progress. D-Wave 2 will extend until when the market records a 21 high bars close (a close that is higher then all twenty prior closes), that will confirm too that D-Wave 3 is in progress. Applying those rules to actual chart, we see D-Wave 1 is complete and D-Wave 2 is in progress. Tom DeMark gives this price projection for D-Wave 2: its pullback should ideally be 61.8 percent of the distance traveled between the low close of D-Wave 1 and the high close of D-Wave 2. The theory is giving us a target price around 5.8k before we have the raise by D-Wave 3. Bibliography: "DeMark Indicators" by Jason Perl
BITSTAMP:BTCUSDShort
by UnknownUnicorn4800276
9
EXY - oversupplyEuro index chart. Monthly. Price is driven by global supply and demand. And what we are observing, is a clear oversupply of euro (all selling) and weakening demand (less international interest in euro) on universal scale. Buyers failed to break the supply line and April opened below the demand line with a gap. Top Absolute Correlation 1 EURUSD - USDX -96.8% 2 EURUSD - USDPLN -95.8% 3 EURUSD - USDCZK -92.7% 4 EURUSD - EURSGD 88.9% 5 EURUSD - EURCHF 86.7% 6 EURUSD - USDSGD -81.6% 7 EURUSD - USDHUF -79.9% 8 EURUSD - EURJPY 78.7% 9 EURUSD - EURCAD 74.7% 10 EURUSD - HK50 70.5%
TVC:EXYShort
by ICFX
EURUSD TD outlook for 4 hrsThat is how we see it, pretty simple. One can use ATR stop for stops (pretty accurate tool), which is based on average true range (the input can be changed). The broken demand line is more important than descending one (trendline value is measure by the number of consequent highs or lows above the extremums). I saw some of you draw a descending triangle but by TD rules we can not make a triangle, because there is no relevant TD point below the top TD P5. We have 2 horizontal levels below on the way which price has to get through (with struggle of course) and to retest those after the breaks (!). DM projection sends price into the "free fall zone". We will see. Good luck! THIS IS NO FINANCIAL ADVISE. You are solely responsible for you trading decisions:) Top Positive Correlation 4 hrs 1 EURUSD - NZDUSD 83.2% 2 EURUSD - AUDUSD 80.5% 3 EURUSD - GBPUSD 79.7% 4 EURUSD - AUDJPY 78.2% 5 EURUSD - US2000 75.8% 6 EURUSD - GER30 74.9% 7 EURUSD - SPA35 73.7% 8 EURUSD - AUDCHF 71.3% 9 EURUSD - FRA40 70.7% 10 EURUSD - AUDSGD 69.3%
Short
by ICFX
2
Crucial level, on the edgeA daily DeMark zoom for you. At crucial levels. Interesting:) Should collapse soon. Wait for breakdown (pivot breakdown, S3 value zone breakdown, trendline breakdown, all there:). If not, not much hope for this thing to complete DM bullish projection. The break has to be good to shoot good:) If breakdown fails now, it will occur later but any case it will be boring bullish action somewhere to TDN3 monthly trendline which we already broke and retested on monthly (what does not make sense). Maybe again there with one more rejection. That are all possible scenarios. PS You see, one can really scrutinize this with new science techniques:)
Short
by ICFX
Demark Trendline and Monthly CamarillaHere you can see a perfect setup using Demark trendline breakout. Price broke Monthly CAMS4 (month floor), hit CAMS5 (did not plot that) and reversed towards the floor. With Demark Trendline technique we could catch all the breakout reversal to the pip. One could reenter the longs many times at Demarks Daily Pivots or S1 support. Market is predictable as you see. You just need the right tools. I also demonstrated how target is projected. Demark Trendline works also well with calssic monthly pivots and weekly pivots too. But on 4 hours I would use monthly Camarilla or Monthly Classic Pivots which are very accurate.
Education
by ICFX