Price broke Demark trendline on hourly and closed below.
This is Demark trendline technique.
You see Demark gives weight on more recent action, history is not important.
In uptrend you have to connect 2 most recent shadow lows (each point has to have at least 3-5 candles above on both (!) sides.
I also demonstrated how Demark target is projected. It should be up to 171 pips.
My stop was hit on previous trade. Folks u have to learn to absorb losses. They are inevetible.
Reentered short. TP ca. 150 pips.
That bank use aDemark pivots, as you see - I heard this from one pivot guru earlier.
As far as Demark trendlines, theu view it as the only valid scientific approach to trading they say...
The rest is subjective shamanism.
THIS IS NO FINANCIAL ADVISE.
This is Demark trendline technique.
You see Demark gives weight on more recent action, history is not important.
In uptrend you have to connect 2 most recent shadow lows (each point has to have at least 3-5 candles above on both (!) sides.
I also demonstrated how Demark target is projected. It should be up to 171 pips.
My stop was hit on previous trade. Folks u have to learn to absorb losses. They are inevetible.
Reentered short. TP ca. 150 pips.
That bank use aDemark pivots, as you see - I heard this from one pivot guru earlier.
As far as Demark trendlines, theu view it as the only valid scientific approach to trading they say...
The rest is subjective shamanism.
THIS IS NO FINANCIAL ADVISE.