CL shows a bearish outlook in the short term. Bears are to be wary of the potential formation of a Bull Flag. The 1-2-3 reversal target is on hold for now. Bearish Technical Outlook Though the fundamentals are slightly bullish regarding CL, the technicals are painting a different picture for the time being, especially on Read More…
Trading With Fear vs. Trading Fearlessly
Why it’s impossible to be successful if trading from fear. Overcoming past losses. Having expectations could be detrimental to your trading. Fear is one of the biggest obstacles traders and investors face. It’s a debilitating force not many know how to deal with. The emotion of fear needs to be comprehended first; then, we can Read More…
Technical Outlook: E-mini Nasdaq-100 (NQ) Futures
NQ maintaining a bearish outlook with multiple shorting opportunities. A new Indicator Review. A price target of $10,000 is still possible for NQ. Outlook Bearish With Potential Shorts Available The Price of NQ swung violently yesterday after the CPI report was released. Prices dropped about 5.3%, then reversed course and closed up 1.8% on the Read More…
E-mini S&P 500 (ES) Futures: Potential Inverse Cup & Handle Pattern?
Short-term targets using the Parabola The Cup & Handle analysis Possible bearish targets are $3,543.25 and $3,433.5 The Parabola Parabolas are not very popular tools in technical analysis, but they can be extremely useful in determining trends and targets that many other market participants cannot see. There is a parabolic curve with three connection points Read More…
Technical Outlook: Further Downside Expected For Euro (6E) Futures
A relentless downtrend continues for 6E Price band to look for short trades Potential bearish targets set at $0.9668 The Downtrend We have covered the Euro a few times this month, and the narrative remains the same as the relentless weakening of the Euro continues. We categorically stated in our previous analysis that the 25 Read More…
The Emotional Rollercoaster Side of Trading
How to deal with your emotions during trading. Accepting you have no control over the outcome. A simple exercise before each trading session. Typical Trader Story You click your mouse to place the trade; however, the overwhelming confidence of paper trading has now deserted you. Perhaps you had better double-check the formation. After much internal Read More…
E-mini Nasdaq-100 (NQ) Futures Prices Continue to Tumble
The Monthly chart is extremely bearish. We could see the price touching $10,000 as a possible target. Gaussian channel retracements provide short entries on the 4H chart Monthly Candles The monthly chart is bearish as prices trade below the year’s low of $11,068. The candle for this month also seems to be in a free-fall Read More…
Technical Forecast: E-mini Russell 2000 (RTY)Futures
A Bart Simpson Pattern on 4 Hour chart Anticipating Long opportunities around key levels Bart Simpson Pattern A Bart pattern has been completed on the 4 hourly charts. It’s usually a good pattern to trade in a downtrend as a continuation pattern. However, since the price has retraced into the multi-year support zone, we expect Read More…
Crude Oil (CL) Futures Reverses Course
CL rallies 12% this week. Bears vs. Bulls – Who will dominate? A potential way to trade the current price action using the pullback ema strategy. CL Trading Above $86, What It Means? We have seen a swift reversal, with CL gaining over 12% this week. The game is not over for bears, though a Read More…
Dead Cat Bounce on the E-mini Dow (YM)?
YM Bounces Out Of Major Support Fibonacci Moving Average Analysis Spinning Top Candlestick From Yesterday’s Session A possible Dead Cat Bounce? YM Bounces Out Of Major Support The E-mini Dow (YM) traded inside the support band between $28,688 and $29,692. This area is within the accumulation zone and topped back in 2020. The rumors that Read More…