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TA Challenge: How to identify the turning point with TDS 9?
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Meta Moo joined discussion · Jan 31, 2023 22:19

TA Challenge: How can I enhance the reliability of TD Sequential 9?

Hey mooers,
After learning about the features of DeMark 9® (TDS 9), it's time to find out how it can be applied with other indicators to better inform an investor!
Does TDS 9 always work?
The answer is no. If you observe enough trend charts, you will find that TDS 9 is typically more applicable to the index and individual stocks in oscillating and weak bull/bear markets. When the stock price or index is in a big bear/bull market, the trend should be analyzed together with market sentiment, fundamentals, and other indicators.
S&P 500 with TDS 9 indicator
*Images provided are not current and any securities are shown for illustrative purposes only.
TDS 9+MACD
TDS 9 is a useful tool to help identify potential timings of a price reversal. However, as in the case of any other tool, it should not be used in isolation. The TDS 9 is better used with candlestick analysis, price patterns, or another indicator. For example, we can add our old friend—the MACD indicator—to double-check the trend.
TDS 9 and MACD indicator
*Images provided are not current and any securities are shown for illustrative purposes only.
The chart shows us two TDS 9 sequences, but only one worked. We can see that the price reversed as expected when the MACD peaked and number 9 overlapped, while it failed to do so on the tenth day when the MACD was still climbing.
Do you grasp TDS 9 works? Take the vote below to test it out!
Let's discuss
What other indicators can be used with TDS 9 to help strengthen the predictions? We are sure you can find more! Comment on your idea below to let us know!
*We will select 8 TOP COMMENTS under this post. Winners will get 200 points from this challenge, with which you can exchange gifts at Rewards Club.
Disclaimer:
This presentation discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.
This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. See this link for more information.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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Meta Moo
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