A bullish breakout has occurred above the minor consolidation zone Bearish and Bullish Targets Clearly Defined A Gap opens at $12,349.25 Bullish Breakout The minor consolidation referenced in our previous technical outlook has been broken to the upside and is trading above the Fibonacci 50% level. For Bulls, the next target to watch is the Read More…
The consolidation zone is broken to the downside Four consecutive red candles forms on the monthly chart Bears targetting $78.49 Monthly Candles September candle has opened red, forming the fourth monthly red candle in a row so far. We can connect a trend line from the November 2nd low to the December 1st low, which Read More…
Major Support Zone Proving to be strong on the Daily chart Downtrend Channel on the 2-hourly chart Potential 1-2-3 Reversal pattern on Daily Chart What Has Happened? Since August 31, we expected some strong support around the $1,715.3 level; we have seen that play out now with bids coming in the past week as the Read More…
Head and shoulders (H&S) target hit RSI indicates selling pressure is weakening Cautiously bearish on NQ Refer to our analysis on August 30 for a detailed explanation of the Head and Shoulders (H&S) pattern formed on NQ which has been met. Normally, these patterns may get very close to the full target before consolidating or Read More…
Euro trading below $1 for the first time since 2002 Bearish sentiment remains Potential bounce possible in the shorter term Consolidation zone on the hourly chart Rewind 2 weeks Looking back at the analysis we did on the Euro on August 19th, our call for the break below $1 has been realized. With such a Read More…
H&S target met on the 4-Hour Chart Prices retesting the downward channel on the daily Chart Support Level and high volume zone on volume profile In reference to our technical analysis back on August 18th, ES was trading at $4,260 and we saw a high probability of a break through the upper trend channel. This Read More…
Potential short-term bullish reversal on CL Short Trade running out of steam Bullish divergence forms on MACD Bulls vs Bears On the 4-Hour chart, we clearly see a consolidation zone forming on the CL chart between $87 and $95. This is happening after a two-month downtrend. The swing indicator is showing lower lows are being Read More…
Test of a major support zone possible Short trade results from a retracement into the Gaussian channel RSI oversold on shorter time frames Daily Chart The daily outlook has been bearish for the past six months, with prices dropping 19.27% from the peak on March 8. The major support zone at $1,715.3 has been tested Read More…
Head and Shoulders pattern on the 2H time frame The bear flag pattern is still in play Bullish morning star pattern on daily As a continuation of our analysis on NQ yesterday, Monday’s session gave us no signal that bearish sentiment is reversing. In fact, looking at the 2-Hour time frame, a Head and Shoulders Read More…
Trend Channel retested after Initial Breakout 50% Fib Level holding support Potential Flag formation on the hourly chart Long Term Outlook As we know from the previous analysis done on August 22nd, NQ was in a strong upward channel but broke to the downside. The downward move accelerated on Friday, falling over 4% and then Read More…
