Price of 6E trading within a resistance zone. Using the stochastic on a shorter time frame for entries Bearish Tone Remains Price Action for 6E As expected, the Euro has been trading within the range where we have been aiming to gradually increase our short position. The price range between $0.9768 and $1.0035 is mentioned Read More…
CL shows a bearish outlook in the short term. Bears are to be wary of the potential formation of a Bull Flag. The 1-2-3 reversal target is on hold for now. Bearish Technical Outlook Though the fundamentals are slightly bullish regarding CL, the technicals are painting a different picture for the time being, especially on Read More…
NQ maintaining a bearish outlook with multiple shorting opportunities. A new Indicator Review. A price target of $10,000 is still possible for NQ. Outlook Bearish With Potential Shorts Available The Price of NQ swung violently yesterday after the CPI report was released. Prices dropped about 5.3%, then reversed course and closed up 1.8% on the Read More…
Short-term targets using the Parabola The Cup & Handle analysis Possible bearish targets are $3,543.25 and $3,433.5 The Parabola Parabolas are not very popular tools in technical analysis, but they can be extremely useful in determining trends and targets that many other market participants cannot see. There is a parabolic curve with three connection points Read More…
The Monthly chart is extremely bearish. We could see the price touching $10,000 as a possible target. Gaussian channel retracements provide short entries on the 4H chart Monthly Candles The monthly chart is bearish as prices trade below the year’s low of $11,068. The candle for this month also seems to be in a free-fall Read More…
A Bart Simpson Pattern on 4 Hour chart Anticipating Long opportunities around key levels Bart Simpson Pattern A Bart pattern has been completed on the 4 hourly charts. It’s usually a good pattern to trade in a downtrend as a continuation pattern. However, since the price has retraced into the multi-year support zone, we expect Read More…
