Symmetrical triangle formation is offering us a great long trade opportunity. Analysis of how we can take the trade adjusting risk along the way. Explaining why a pattern like this is so beneficial for traders to understand. Symmetrical Triangle Triangles are popular technical analysis patterns because they have good reliability and the structure of the Read More…
A weaker dollar revived interest in risky investments. The Fed increased its target interest rate by 25bps. OPEC+ maintained the production cuts agreed upon last year. Oil continued its bearish momentum despite positive market sentiment on Thursday. However, the OPEC+ decision to extend an output cut allayed concerns about oversupply. Oil prices dropped more than Read More…
The Fed raised interest rates by 25 basis points, sending equity markets higher. Technical analysis point toward a strong bullish bias. Utilizing the stochastic indicator to enter into trades on retracements. The Fed The Federal Reserve raised its key rate by a quarter point Wednesday, bringing it to the highest level in 15 years as Read More…
Investors hope the Federal Reserve may signal an end to interest rate hikes. The US employment cost index showed its weakest increase in a year. There was a significant slowdown in US house price increases in November. On Wednesday, equity markets held steady as evidence of a slowdown in US wages raised optimism that the Read More…
Inverse head and shoulders give a tremendous guide for possible future price action. How traders can capitalize on the potential uptrend on shorter time frames. Inverse head & shoulders on the daily A significant head & shoulders pattern has been spotted on the daily chart. There are two possible necklines that I have drawn onto Read More…
