DBS Expecting Mark Down



DBS Expecting Mark Down
Today, DBS broken below our signal line (Red). We are expecting further mark down as both our Relative Strength indicator are displaying bearish signs.

Our indicators, RS Indicator is below zero, this denotes that stock is trading weaker than the market. 

 Fund Flow Index (FFI) indicates that in recent trading, demand is much weaker than supply, supporting the bearish claim.

Both RS and FFI indicators are provided to our course participants (no subscriptions required).

Also, with the above proprietary market demand and supply indicators interpreting bearish signs, it helps support a stochastic trader trading the bearish crossover signal.

DBS (Hourly Chart)
Our Wyckoff class participants will also learn to develop skills of a trader by reading market demand and supply using the Wyckoff Method. 

 Learning to identify different phases of a price cycle and recognise signs of demand or supply such Buying Climax (BC), Secondary Test (ST), and Signs of Weakness (SOW).

 In conjunction with SGX academy, join us this weekend in our Richard Wyckoff class. Learn to read market demand and supply, and trade in harmony with markets and smart money.

Info Link: Richard Wyckoff Method for Trading the Markets

Disclaimer applies.
  

Popular posts from this blog

Wyckoff's Law of Effort

Image
Law of Effort Wyckoff's Law of Effort states that on any single trading day (or week depending on time frame), huge volume (effort) push by participants should see huge price movement, resulting in a wide spread (long body). This is a basic principle of effort and result. However, as per Singtel's case study, we saw huge selling volume on 11 May, yet the price action only shows a narrow spread (small body). This divergence of effort and result in Wyckoff's Law of Effort principles, indicates possible exhaustion in selling or hidden buying. Thus, with a lack of weakness, Singtel should continue trading range bound for the coming days or weeks till further strength or weakness is observed. Swing Traders who trades range can consider positions at 3.70-3.72, with exit target 3.76-3.78.
Read more

Bullish Case for Bitcoin

Image
BTC Exhibiting Signs of Accumulation 1 year after BTC price plunged from its US$20,000 high to a recent low of US$3,215.20, now we are seeing technical evidence of  accumulation by the smart money is in progress . Above is an illustration of Accumulation Zone of the Wyckoff Price Cycle. We are watching very closely for price to cross the creek (est. US$4200 level).  A break above the level, we deem that price has proceeded into the Mark Up Phase with 1st objective at US$5,800. If creek is not crossed, a break below US$3,190 will falsify our Accumulation zone analysis. Join us in our FREE Introduction to Richard Wyckoff Seminar to learn more about the method and how the method add value to your market timing analysis.
Read more