Taking a step back and looking at the Weekly ETHBTC Chart, we see that the TDSequential Indicator signaled a Buy Trade (Red 9) on the week of December 5th, 2016 around the level of .01 BTC. This level held steady until the breakout in February 2017. When the market finally reached exhaustion, we were signalled a Sell Trade (Green 9) on the week of June 19th. ...
EUR speculative position has been at extremes and USD has been oversold. We also got a completed DeMark setup indicating a possible reversal. Today the market was expecting the Fed to be a bit dovish, instead they signaled they were staying the course and GDP expectations even increased. Im expecting dollar to recover and Eur to sell off.
I am using both Elliott Waves and DeMark indicators to study ETHUSD. On the 3D chart it looks to me like both are saying that major moves are completing. My EW counter along the bottom has printed a 'Sell' indicator. Caveats apply, though. The setup was stretched-out (which is good), but the 8th and 9th bars were not higher than all the others (the 3rd bar is...
I implemented Tom DeMark's TDST; on the 3-day Poloniex:ETHBTC chart it suggested on the 23rd the 3-month downtrend was breaking, on 3 January it was proved to be correct. I am looking at low .01200's as a target price in the next 2 weeks.
NYSE:KORS has a fast and strong recuperation over some weeks of downtrend, but this provocate a overload, the future are not clear from a technical perspective, meaby can develop a big ascending wedge or simply continue to the abyss, but for the next weeks is clearly the stochastic indicate a turn down, the Demarker are overload and the price action show a...
Reference: MIDAS Technical Analysis by Andrew Coles and David G. Hawkins DeMark Indicators by Jason Perl
I would like to start off by saying that I removed the Primary MIDAS R1 Curve as it cluttered the chart and have already done its job in regards to the analysis above, however it successfully captured the initial pullback. On the chart above a T.D price flip have competed in oversold conditions at what looks like to be the end of wave 3, as there is a huge...