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Date/Time: Sun, 24 Nov 2024 08:04:43 +0000
Post From: SC Tom DeMark: Trading the Nines?
| [2019-09-17 16:34:30] |
| User14953 - Posts: 235 |
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No, those do not appear to be it. A DeMark 9-Count Setup consists of the following: _A series of nine consecutive bars that close higher or lower than the close 4 bars earlier. _9 consecutive closes “higher” than the close 4 bars prior is a “sell setup” and 9 consecutive closes “lower” than the close 4 bars prior is a “buy setup.” _Numbers 1 through 9 are placed above each qualifying bar's highs, or below each qualifying bar's lows. Perfected setups _A “sell setup” is “perfected” when the the high of bars 6 and 7 in the count are exceeded by the high of bars 8 or 9, reverse = “buy setup”. https://www.seeitmarket.com/understanding-the-basics-of-demark-setups/ Understanding the Basics of DeMark Setups https://www.youtube.com/watch?v=h5PuTzDimNA Tom DeMark: Trading the Nines Date Time Of Last Edit: 2019-09-17 16:35:27
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