A closer look into the Parabolic channels. Consolidation on the hourly chart could break in either direction. Parabolic Channels With parabolic channels, we take the same approach when drawing the main parabola; we need at least 3 points to make the connection. I’ve marked the main parabola in the image below with the connection points. Read More…
A Parabolic channel has been identified on the Daily Chart. CL is trading off a support zone at $81.40. Important note on stop placement. Chart Analysis Recap The Head & Shoulders pattern referenced in our CL chart analysis on November 7 did not confirm. The neckline acted as a barricade that the bulls could not Read More…
There are increasing demand worries as China reports rising COVID-19 cases. Geopolitical tensions have eased after NATO confirmed the Poland missile was an accident. Retail sales in the United States rose more than anticipated in October. Oil prices went down for the second day on Thursday as worries about demand in China, the biggest crude 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…
US producer prices increased by 8%, lower than expected, in the year ending October. Despite declining US wholesale service prices in October, service inflation remains high. NATO allies are looking into claims that Russian missiles killed two people in Poland. The E-mini Nasdaq-100 (NQ) futures made gains on Tuesday as investors jumped on softer-than-expected inflation Read More…
6E has surged through the long-term down channel. The most apparent price zones to watch in the medium term. Fibonacci Fan Analysis on 1-Hourly chart. Euro Surges Out Of Downward Channel Due To a Weakening Dollar We have been tracking the Euro’s downward channel for some time now, and for a while, it seemed the Read More…
