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…
The engulfing candlestick pattern signals potential trend reversals. And since candlesticks patterns are not laggy, you have a higher probability of catching the onset of a trend. Throughout this guide, we’ve discussed how you can identify bullish and bearish engulfing candlestick patterns and how you can use them to trade market reversals. What is the Read More…
The double bottom formation was confirmed after Powel’s comments yesterday. A Bullish divergence pattern is spotted on the weekly chart. Momentum is firmly in the bull’s favor. Massive Price Rally in NQ Wall Street jumped on Wednesday after Federal Reserve Chair Jerome Powell said the central bank might scale back the pace of its interest rate hikes Read More…
The first target of $1,780 is very close to being hit as Gold rallies. Potential catalysts that could send the price lower. Quick Recap On Last Week’s Gold Analysis The bounce off the 100 EMA, Point of control, and 0.236 Fibonacci retracement level has already resulted in Gold gaining about 25 points since we did Read More…
Beijing’s ban on equity refinancing for listed property enterprises was lifted. There are rumors recent Chinese protests will lead to an early easing of restrictions. Analysts believe that the Fed will remain hawkish and disappoint investors. Tuesday saw a surge in Asian equities as Beijing’s latest initiative to encourage developers boosted the real estate market, Read More…
Trend channel identified on the 4-hourly chart. Analysis of the order block on the 15-minute chart. Trend Channel Analysis Looking at the 4-hourly chart, there is a strong bullish channel that we can take note of. Currently, the price of RTY is trading around the low of the channel, and it may be ideal to Read More…
