Akbank, one of the largest banks in Turkey have devalued -86.18% in last 10 years against United States Dollar.
Even though most of the Turkish Banks are listed cheaper than a bottled of water, why foreign-investors still keep liquidating their positions?
There have been many political, economic and geopolitical changes since 2010 in Turkey. Whilst these have...
I continue describing the collection of Thomas DeMark’s forex indicators.
In my previous articles, I have already explained such tools as
Today, I going to deal with one of the most commonly used indicators in the trading world. This is the moving average MA, but it is not just a usual MA, it is Thomas DeMark Moving Average (TD Moving Average)....
// Tom Demark (T.D) Indicator Tutorial//
Based on the rules here and here.
Counts continue as per Tone Vays version.
I would recommend following him if you like this indicator.
@ToneVays on Twitter and his website.
You can also buy his version of the indicator (random number...
As 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,...
I 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...
GBPUSD 1h chart:
- recharged into the former support area
- completed a bearish cypher
- completed TD Setup (has not perfected yet though)
- neared 61,8% fib level from top to bottom move
- the correction topped above the higher BB with the 20 MA flat
Expecting the pair to challenge previous lows, pursuing the downtrend. This scenario should be invalided about 80...
This is a great example how forward looking indicators, when used in conjunction, can provide the most accurate support and resistance levels. While most indicators are lagging, projection indicators that help define major price pivots are predictive. MRNA ran into the upper MSP boundaries and has been trading between the bands with TDS lines from prior signals...
Weekly TD count showing us that ltc wants to test 137.
Bitcoin is showing the same.
Time for crypto to resume major uptrend?
I am not a financial adviser. This chart is just for fun. Trading/investing in crypto is very risky. Do so at your own risk.
Canadian bank stocks haven't really moved in 2 years. This consolidation has confused both bulls and bears, but it will come to an end by the end of this year (2020). Breaking above the all-time high will be a big buy signal, as it will indicate that the cyclical bull market is still intact. However, breaking below the major upward trendline will confirm a change...
So guys, two stocks which are connected and both has some kind of inverted hammer adding to this, TULRAY is in a TD 9 buy, could this be a "buy the dip" situation ? Well I'm gonna give a shot, gonna wait monday to see how the weekly close end and evaluate a possible entry with the monthly close.