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…
1-2-3 Reversal target hit A minor pullback on longer time frames expected Market Sentiment remains bullish 1-2-3 Reversal On 4-Hour Chart A very high probability chart pattern known as the 1-2-3 reversal was formed on the 4-hour time frame of the E-mini S&P 500 (ES). The first point was formed on June 17th, the second Read More…
1,739.6 USD gap filled Prices consolidate after the downtrend GDP growth rate report to be released on August 25th The Gap We pointed out last week in our Gold analysis that if the bearish trend gained more momentum, the gap made on July 27th would likely be a target to fill. We have seen that Read More…
Long, medium, and short-term charts pointing to potential short Limited upside potential if the bear case does not play out Dynamic Money Flow Showing Weakness Medium-term picture Crude Oil futures (CL) has been in a beautiful downward trend since mid-June, giving multiple short entries for those patient enough to wait for retracements. We are approaching Read More…
NQ has been in the red four out of the last five days The hourly trend line has broken to the downside NQ is currently trading within a minor support zone at the 23% Fib level Medium Term Outlook The 4-hour chart on NQ has shown a strong uptrend channel since July of this year. Read More…
Euro continues to weaken against the US Dollar Gaussian Channel creating great short opportunities The Euro could reach parity against the dollar The Euro has weakened against the dollar since the beginning of 2021, with lower lows printed consecutively on the daily chart. Prices have retraced to the 50 Exponential Moving Average (EMA) countless times Read More…
Fed Minutes leave markets unchanged ES trading near the long-term trend line Pullback entries giving positive results on lower time frames Yesterday, August 17, the Fed released its meeting minutes which has left most indices unchanged for the most part. ES futures are approaching the upper trend line, which has held since the start of Read More…
Gold consolidating ahead of Fed Minutes Dollar weakness could fuel a short-term rally in the yellow metal It remains to be seen if the key support level at $1780 will hold Today, Wednesday, August 17, the federal reserve will comment on their view of the economy and how they will approach fiscal policy for the Read More…
Investors keen on the Fed minutes on Wednesday at 13:00 CT The E-mini Nasdaq (NQ) futures is up 23% from the June 16 lows Bulls seem to be in control, with $14, 200 as the target Since the Nasdaq made its lows on June 16th, we have seen a strong move to the upside with Read More…
Crude Prices continue to fall with a multi-year trend line broken to the downside The next support level to watch is $87.61 Inventory Report will be the main focus for Investors on Wednesday Crude Oil has traded down since our last technical analysis overview of the commodity with prices now at $85.47 per barrel. Once Read More…
