The recent price action and how it signals further bearish momentum Analysis of the downward trend line, the anchored VWAP, and the Fibonacci retracements Potential targets bears could be looking to re-enter short positions Understanding Recent Price Action The long-term downtrend line continues to act as resistance as the CPI report shot the price through Read More…
The downward trend line on the daily chart acts as resistance, and ES struggles to push through Anchored VWAP at the high of the year, acting as an accumulation point for shorts Factoring the Inflation report and Fed rate decision into this week’s sentiment Resistance You will remember from the analysis on December 2nd that Read More…
Introduction Daniel is a futures trader from Colombia who has adopted the momentum trading approach. He uses a combination of indicators such as the Keltner channel, simple moving averages, Renko bars, and order flow cumulative delta. Daniel is very disciplined in his approach and doesn’t try to achieve perfection. He has leveraged the OneUp Trader Read More…
The Bull target for ES at 4,105 has been hit. Market in anticipation of the Feds meeting on December 12. A bull flag pattern has been spotted on the hourly chart. Bull Target Hit From Last Week’s Analysis Last week we mentioned the possibility of ES rallying up to the top of the downward trend 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…
The Daily chart shows signs of a rollover. Gaussian channel, candlestick, and Fibonacci analysis on the Daily chart. There is a potential Marg Simpson pattern on the 4-Hourly chart. Medium Term Outlook The Equity markets have enjoyed a rebound spurred on by the fall in the price of the Dollar. The three main aspects to Read More…
