The long-term 1-2-3 reversal targets are back on the cards Short opportunities on the 30-minute chart. The 1-2-3 Reversal Pattern We must go back to September to view our analysis of the 1-2-3 reversal. Since the market has now broken below recent lows, the bearish target is in play. You can view that article here. Read More…
Multi-Year Resistance zone spotted on the weekly chart. Forward-looking potential bullish targets. Ascending Triangle pattern found on the hourly chart. Multi-Year Resistance at 1.0471 Zooming out on the daily chart for Euro, we can see that the price is currently trading within a multi-year resistance zone at 1.0471. In 2015 – 2017, a triple bottom Read More…
Technicals appear bullish in the medium term for Gold. Analysis of the volume profile, Fibonacci retracements, and 100-day Moving Average. Entry and stop loss placement ideas. Daily Chart Analysis In our previous article, we indicated that even though Gold was rallying with strong intent, there was no point chasing the market, but rather ideal to Read More…
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…
