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grimweasel
Apr 18, 2018 9:36 AM

DeMark Sell Short

AUD/JPYOANDA

Description

Highly correlated with global equity markets and looking weak. Often leads equities. Expect lower prices. We have had a TD Sell Setup 9 count and today we have the first red 1 (after bearish flip). Sell AUDJPY and target TDSL at the low of the 1 bar of the sell setup circa 81.00.

Comment

First No 1 count sell after the 9. Keep selling down to c.81.00

Comment

Continues to work nicely down enroute to target of 81.00
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