1-2-3 Reversal call turns into a potential double bottom Major support zone holding since May 2020 Pennant chart pattern forming on 4 Hour chart Support Zone Reminder We need to go back to May 2020 to observe the major support zone, which has been tested six times in two years. The yellow metal is currently Read More…
A 5% swing was recorded in yesterday’s trading session Hammer or a Hanging Man Candlestick Pattern formation Crude oil’s downtrend still intact since the middle of June Targets for the bears and the bulls Daily Chart Candlestick Yesterday’s session saw a swing in CL from being down 4.3% to reversing and closing 0.6% in the Read More…
Minor support level broken Downtrend continuation with $11,592.75 as a target for Bears MACD slightly oversold in the short term Fibonacci Retracement levels On Monday, September 19, the trading session opened lower, and the Bears seem firmly in control now. Connecting the June 16 Low to the August 16 High with Fibonacci retracements gives the Read More…
The daily trend is still bearish Price consolidating around the $1 level Range-bound trading opportunities on the 2-Hour Chart Introduction Because of the worse-than-expected CPI data and a strong Dollar, we can take advantage of many potentially good trades available in the markets currently. The fear of an economic crash in Europe is rising due Read More…
Signs of rolling over effect on the weekly chart Consumer Price Index (CPI) report is bearish for markets in general Bull case: Support band+point of control volume profile Weekly Chart Notice on the chart below how we see a rolling effect as prices retrace after a sharp move down. When we see these patterns form, Read More…
Gold trading inside minor and major support zones Gold Sell off as Dollar rallies after CPI report Volatile market conditions expected The Daily Support Zone Last week we spoke about the major support zone in GC in this article. We still find a lot of buy support happening at this level even after a major Read More…
