A Buy Setup is complete when a series of 9 consecutive bars, with the close of each price bar being less than the close 4 price bars earlier, has developed. Setups can extend past the minimum requirement, but 9 is all that is needed to proceed to the next phase.
DeMark gives only 1 qualifier for using Setup as part of initiating a trade. The 1 qualifier, for a Buy Setup, is that the low of the 7 th, 8 th or 9 th price bar in the Setup be below the low of the 6 th price bar.
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DeMark states his findings are that within 4 bars following the 9 count, the market should experience some sort of price reversal or at least consolidation.
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any market any tf
ENTER
For buy set up enter long ater you find the #9
For buy combo enter long after you ind the #13
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I'm trying this idea on DEMO .
DeMark gives only 1 qualifier for using Setup as part of initiating a trade. The 1 qualifier, for a Buy Setup, is that the low of the 7 th, 8 th or 9 th price bar in the Setup be below the low of the 6 th price bar.
++++++++++++++++++++++++++++++++++++++
DeMark states his findings are that within 4 bars following the 9 count, the market should experience some sort of price reversal or at least consolidation.
=============================
any market any tf
ENTER
For buy set up enter long ater you find the #9
For buy combo enter long after you ind the #13
=================
I'm trying this idea on DEMO .