Bulls may be targeting the top of the medium-term downward channel. A look into the consolidation zone ES has been trading within. Bullish candlestick formations on the monthly chart. Price Rallies Through Liquidity Zone We have seen higher prices in most equity markets since the CPI release came in lower than expected on November 10th. Read More…
A powerful Dragonfly Doji was formed during yesterday’s volatile session. CL prices bounce off of the Parabolic curve mentioned last Friday. What to expect next? The Parabolic Curve Acts as a Support In yesterday’s volatile session, CL dropped over 6% right into the support zone and the parabolic curve we mentioned in Friday’s technical analysis. Read More…
A closer look into the Parabolic channels. Consolidation on the hourly chart could break in either direction. Parabolic Channels With parabolic channels, we take the same approach when drawing the main parabola; we need at least 3 points to make the connection. I’ve marked the main parabola in the image below with the connection points. Read More…
A Parabolic channel has been identified on the Daily Chart. CL is trading off a support zone at $81.40. Important note on stop placement. Chart Analysis Recap The Head & Shoulders pattern referenced in our CL chart analysis on November 7 did not confirm. The neckline acted as a barricade that the bulls could not Read More…
The Daily chart shows signs of a rollover. Gaussian channel, candlestick, and Fibonacci analysis on the Daily chart. There is a potential Marg Simpson pattern on the 4-Hourly chart. Medium Term Outlook The Equity markets have enjoyed a rebound spurred on by the fall in the price of the Dollar. The three main aspects to Read More…
6E has surged through the long-term down channel. The most apparent price zones to watch in the medium term. Fibonacci Fan Analysis on 1-Hourly chart. Euro Surges Out Of Downward Channel Due To a Weakening Dollar We have been tracking the Euro’s downward channel for some time now, and for a while, it seemed the Read More…
