Current Trend and Price Action Moving Averages The price is currently hovering near the 200-day moving average (around 2,100). The 50 MA is at the same price and is acting as additional support to the price for now. Support and Resistance Zones Volume Considerations Probable Scenarios Bullish Scenario: Bearish Scenario: If you have any technical Read More…
Weekly Chart The Euro 6E futures were rejected after moving into the resistance zone at 1.10265. This zone has successfully stopped the bulls from pushing prices higher since the start of 2023, and this may present us with a short opportunity. Let’s look at the daily chart first, though. Daily Chart Short Trade Opportunity in Read More…
Introduction The S&P 500 (ES) chart, along with other US indices, recently had a correction of around 10% from the high. Some are calling this to be a simple pullback, while others think it’s the signal of much worse things to come. Violent and concerning geopolitical concerns worldwide are likely contributing to the recent profit-taking. Read More…
Equities fell sharply on Monday as fears of a recession in the US continued to unsettle investors. At the same time, Apple’s stock significantly dropped after a prominent investor sold its shares. Since last week, investors have been dumping risky assets and buying safer ones due to fears that the US economy is slowing down Read More…
Introduction Bitcoin has plunged to levels not seen since February, briefly dipping below the $50,000 mark. This dramatic sell-off comes just days after Bitcoin was flirting with the $70,000 level. This is part of a broader market sell-off triggered by renewed recession fears, as even the big indices started falling on Monday. Investors, already on Read More…
Introduction Meet Greg, a price action trader in OneUp Trader’s funded trader program who has made his mark with a straightforward yet effective approach to the markets. Greg recently made a withdrawal of $3,700 from his funded trading account, and today, we are going to find out just how he did it. Trading style and Read More…
