Not financial advice!
Questions/remarks always welcome!
Happy trading!
Questions/remarks always welcome!
Happy trading!
Comment:
So... at the moment we are just waiting for the Tenkan to cross the Kijun to the upside once more in order to fully confirm a second part of this bull run, let's go !
Comment:
To clarify : when the price level equalled the lagging span level and the correction began (just like in 2013) , the head indicator was of course that the tenkan crossed the kijun to the downside. In contradiction to going below the cloud in 2017 during the correction we've now bounced off of the cloud , waiting for the tenkan to cross the kijun to the upside once more. i'm really curious to see whether the cycle top of this bull run will be hit when price surges above the lagging span level, just like it did in 2013.
Comment:
The 2013 situation where price bounced off of the cloud after the first cycle top, marking the start of the second run
The 2013 situation where price bounced off of the cloud after the first cycle top, marking the start of the second run
Comment:
the 2017 situation where we didn't bounce off of the clouds but instead diving straight through them, indicating we've just witnessed a dead cat bounce and the continuation of the bear market.
the 2017 situation where we didn't bounce off of the clouds but instead diving straight through them, indicating we've just witnessed a dead cat bounce and the continuation of the bear market.
Comment:
SO , as long as we are not diving through the clouds in this correction i will not consider recent price action to be a dead cat bounce and i will remain in my long position.
Comment:
This is a visualisation of what we want to see :
We want :
1. Tenkan ( blue line) to cross Kijun (red line) to the upside again
2. Lagging span (orange line) to spike in near future
3. Price reacts and spikes above the level of where the lagging span will stagnate, this should/could mark the final cycle top
We want :
1. Tenkan ( blue line) to cross Kijun (red line) to the upside again
2. Lagging span (orange line) to spike in near future
3. Price reacts and spikes above the level of where the lagging span will stagnate, this should/could mark the final cycle top
Comment:
correction on the last chart on what we want to see : considering the lenghtening cycles/diminishing returns theory, the evolution of all indicators would rather look like this :