The trade Before we get into the new price action and the profitable trade regarding CL, take a look at the previous article to see how we entered the trade in the first place. The long has been successful so far, and it shows just how powerful it can be if we understand candlestick patterns objectively. The Read More…
US Equities had a mixed finish on Monday as the Nasdaq benefited from gains in Alphabet and Meta Platforms, while the S&P 500 remained nearly unchanged. Investors chose not to make significant bets as they awaited fresh talks about raising the US debt ceiling. US President Joe Biden and top congressional Republican Kevin McCarthy scheduled Read More…
Is the bull market back? NQ dropped over 37% from its peak back in November of 2021 to its low made in October of 2022. This, by definition, is enough to confirm a bear market. In order for us to confirm the new bull market, we need to see prices rally and remain above 20% Read More…
Most currency futures rose on Friday as the dollar dropped due to Federal Reserve Chair Jerome Powell’s unexpected dovish stance. Contrary to market expectations, Powell stated that the US central bank might not need to raise interest rates as much, considering the tightening of credit conditions. Additionally, the dollar faced pressure from a pause in Read More…
Weekly Chart I applied the volume profile indicator to the weekly chart starting from the lows made in 2015. The point of control is resting at 1.13, which tells us that the most volume traded was at that price. If we see the Euro rally from here, we will set that as our first bullish Read More…
On Thursday, gold prices collapsed as robust US economic data diminished expectations of the Federal Reserve easing. Additionally, gold fell as the greenback received a boost from the anticipation of a US debt ceiling agreement, averting a potential default. A stronger dollar makes for more expensive gold for foreign buyers. Negotiations between the White House Read More…
