Introduction In the February 17 analysis, ES was trading within a range, with resistance near the 6,950–7,000 zone and support around 6,750–6,800. Momentum was weakening, which was understandable after such a long and tireless rally that we have seen in the US equity markets. Since then, price has struggled to find the buying power necessary Read More…
Introduction CL ended last week with a spinning top formation on the weekly chart after a fairly small range of trading. Volume was also slightly below the weekly average telling us that there was indecision in the market and a potential move coming up that we can capitalize on. The week prior we saw CL 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…
