Overview ES has been stuck in a tight consolidation since the beginning of April. There was a steep move up just before the consolidation phase started, which leads me to believe we could be preparing for a bullish breakout. The range is between $4,062.75 and $4,210.75. The rally prior resembles a poll, so what we Read More…
Technical analysis MACD: The MACD is in the red on the daily chart showing some divergence. The buying pressure is weakening and is being translated for us easily in the MACD histogram. Price: The Euro has begun to for a rolling over pattern as it struggles to break above 1.106. We can see from the chart that Read More…
Quick recap We have followed the inverse head & shoulders in ES for some time now, and finally, we are approaching a strong bullish breakout. This gives us a few trade opportunities as long as we maintain strict risk management rules. The chart is bullish, I don’t see any play for the bears at the Read More…
Meet Jesus Cubillos. A futures trader at OneUp Trader who has made a name for himself in the industry. Based in Cumming, Georgia in the United States, Jesus has an account size of $150,000 and has withdrawn $5,500. The widrawals were sent to him within 2 business day after being requested which in unheard of Read More…
Recap Last week we looked at the great example of the 1-2-3 reversal playing out on the CL daily chart. Opec announced an output cut shortly after the analysis, which assisted the price action of CL to further confirm the pattern. Where to from here? CL is in a bullish trend at the moment, but Read More…
Technical analysis E-mini S&P 500 (ES) futures have been reacting in a bullish manner to a large inverted head and shoulders pattern, with bulls now targeting completion of the pattern with targets set at $4660.25. Price has tested the neckline multiple times and acted as a strong support which ES has finally springboarded off of. Read More…
