🅱️ Sequential Perfect Eight (8) | A Bearish Signal

It's been a while since we used this indicator, remember it?
I am talking about the TD (Tom Demark) Sequential.

Let's have a look at it!

➖ Notice how 1st May a perfect negative eight (8) leads to a perfect negative nine (9) followed by a reversal. The eight signaled the bottom, worked perfectly.

➖ Notice today how we have a perfect positive eight (8). This means an extended bullish move.

➖ Looking at the early May example, this can possibly be the top of the current "bounce" leading to a reversal (retrace/pull-back or correction).

This indicator matches everything else we have been seeing and sharing.

Take it as another piece of data in support of the bearish potential. Keeping in mind that a signal in isolation is weak and thus we combine multiple signals to support our bias.

👉 If Bitcoin moves higher, a nine will come up next and a reversal becomes even more likely, as a perfect nine would indicated a strongly extended bullish move. An extended bullish move means its end is close.

I will go deeper on this indicator, go through all the workings and everything else in the coming months. I belief Tom Demark is a great personality and his indicator a great addition to our toolbox. My respect to him. His contribution to us trader and technical analysts is highly appreciated.

Thanks a lot for the support.

Namaste.