Time analysis based (no price predictions) on TD Sequential indicator. A break in the sequence invalidates this idea.
The price increases and on the way up we get the respective TD Sequential numbers: 1, 2, 3, 4, 5, 6, 7, and so on.
The bearish signal comes at the moment when the Demark Sequential indicator gives you the number “9”. This means that the price action has closed 9 consecutive candles where each has closed higher than the candle 4 periods earlier.
The signal is even stronger if the highs of candles 8 and 9 exceed the highs of candles 6 and 7.
When you confirm this pattern, this is very likely to result in a pullback in a bearish direction. The strength of the pullback is most likely to be seen during the first four candles after the confirmation of the candle that is marked with “9”.
The price increases and on the way up we get the respective TD Sequential numbers: 1, 2, 3, 4, 5, 6, 7, and so on.
The bearish signal comes at the moment when the Demark Sequential indicator gives you the number “9”. This means that the price action has closed 9 consecutive candles where each has closed higher than the candle 4 periods earlier.
The signal is even stronger if the highs of candles 8 and 9 exceed the highs of candles 6 and 7.
When you confirm this pattern, this is very likely to result in a pullback in a bearish direction. The strength of the pullback is most likely to be seen during the first four candles after the confirmation of the candle that is marked with “9”.