CL suffers a 9% decline in just two days, as suspected. Analyzing the order block responsible for multiple price rejections at $81.55. Evaluating the differences between time-based and range charts in a trending market. Quick Recap Before the end of the year, we looked at possible bearish targets around $67.98. CL dipped from $75 to Read More…
The bearish target below $11,000 has been reached. Using Fibonacci Retracements to set potential bearish targets. Analyzing the yearly NQ chart alongside quantitative easing. 3 indicators to pay close attention to. Bearish Break Of Consolidation Zone We have been monitoring the consolidation zone on NQ now since the middle of November. Price remained in a Read More…
Indices are trading near 2022 lows Technical analysis on NQ, Gold & CL What we can expect from 2023 What We Can Expect From 2023 2022 saw the majority of markets take a free fall. NQ dropped over 32%, ES ended the year down 18%, and Gold, traditionally a safe haven ended flat on the Read More…
Inarguably, support and resistance levels are the cornerstones of most price action trading strategies. And with pivot points, you can easily set the support and resistance levels on any timeframe. The pivot points’ support and resistance levels are static, designed to predict potential turning points within the trend. This makes them invaluable for determining optimal Read More…
A quick summary of what 2022 has shown us and what we can take into 2023. A look into the importance of trader psychology. Technical analysis on various markets and a final note from Jay. What 2022 Has Shown Us 2022 has not been a year for the long-term investor. Traders with solid strategies and Read More…
The downward trend channel is still holding strong as the price begins moving back into it. Fibonacci, Morningstar, RSI, and FREMA analyses all point toward bearish momentum. Potential targets bears could be targeting. Down Channel The downtrend channel is still a massive factor on the NQ chart. Even though we have seen the price break Read More…
