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…
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…
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…
Trade update from previous analysis On May 2nd, we looked at a potential short trade in ZB. It has played out nicely, with the target very close to being hit. Take a look at the article here. There is an ascending triangle forming on the daily chart that we can monitor as price moves toward the Read More…
Technical analysis If we look at the daily chart, there has been an ascending triangle forming since the start of the year. What this tells us that there is a generally higher demand for the asset, and thus buyers scoop up any dips as the chart shows higher lows. The horizontal resistance at the top Read More…
The drop The Dollar has fallen much of the year, with the greenback being down over 12% from the October 2022 high. The first low ($100.8) for the support zone was made in February, and price hasn’t broken below that level since. Technical analysis First of all, the support zone is holding the Dollar up Read More…
