TDST Resistance is a RED dotted line (Formed after valid buy setup) TDST Support is a GREEN dotted line (Formed after valid sell setup) TDST Levels (TD Setup Trend level helps to determine the underlying directional bias): The TDST Support line is then pierced on July 23 with bar 3 of the countdown. In our example, the bearish Countdown starts on July 16 just above the TDST Support line. Bar 9 of the setup can also be included if it fulfills the previous condition Count only increase if the bars close higher/lower or equal to the high/low 2 bars earlier It doesn’t have to be a consecutive sequence. The trending system is expressed by a countdown displayed by circled numbers from 1 to 12 then by a special character until 55. Once a SETUP is completed, a trend can be triggered at any moment. Than the corresponding close four bars earlier. In our example, the bearish Price Flip starts on June 27 and mark the candle #1 of the SETUPįrom the bearish Price Flip can initiate the SETUP which is nine consecutive closes, each one less Immediately followed by a close less than the close four bars earlier.
The very first step of a trend initiation is the Price Flip.Ī bearish price flip indicates a switch from positive to negative momentum.Ī Bearish TD Price Flip occurs when the market records a close greater than the close four bars earlier,
We're going to study the daily bear trend displayed on the chart above: Please like and share if you find it useful :)Īlso if you have any question, feel free to add any comment below. This tutorial is designed to help you understand TD Sequential and assess its strength when combined with the RSI indicator.
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