UKX short based on possible completion of TD Sequential 9 Sell

If today's close on the FTSE 100 (UKX) closes higher than the close 4 bars prior then we will have TD Sequential 9 count sell signal. One can then place orders below the low of the 9 Bar short, with TP at the TDSL (horizontal support from the low of the no1 bar of the 9 count). Should price continue higher we could see a TD 13 count develop. If we see a 13 print (each bar must be higher close than the one 2 bars prior, but not sequentially) then I would short the low of that bar until we see a TD Sequential 9 Buy print in the opposite direction.

Komentar:

Still heading lower I think. The 9 Count is still valid. Await first Red 1 to sell short, or await TD Countdown 13 for higher entry

Komentar:

The first DeMark 9 Setup is now on bar 10 of a DeMark countdown of 13. We have also had a second 9 count sell set-up. Either await the 13 print or trade the first bearish flip that produces a 1 buy setup count and short below the low of that bar. UKX will be heading down soon

Komentar:

If we close here today, we have a DeMark 13 Countdown print after the 9 Sell SetUp, at resistance, which is a strong signal. Short the low of the 13 bar to TP1 at 7214