Medium Term Outlook on Weekly Chart looks bearish Fibonacci Fan & Retracements Show more downside potential Possible Scalping opportunities abound for the Bulls Medium Term Outlook The fact that YM has broken below the previous 2022 low, coupled with the Feds stance on interest rate policy, gives much power to the bear case. There is Read More…
A recap of last week’s analysis. Multi-year support broken to the downside after 2 years A look into the Fibonacci Fan Analysis Last Week’s Recap Two potential scenarios were given for GC in our analysis from last week. Scenario two has played out with the gold price finally breaking below the multi-year support, which has Read More…
NQ is only 200 points away from its yearly lows. The momentum indicator is firmly in the negative. Why it could be time to sit on our hands. Recap of last week’s analysis We pointed out the potential bearish target of $11,592.75, which was our 78% Fibonacci level. It was a clear target for bears, Read More…
The hanging man candlestick pattern is confirmed on the daily chart The target for Bears is below the $81 price level Accumulation Zone around $82 broken to the downside Hanging Man CandleStick Earlier in the week, we analyzed the potential formation of either a hammer or a hanging man candlestick confirmation. Looking at the daily Read More…
The daily trend is still bearish Price consolidating around the $1 level Range-bound trading opportunities on the 2-Hour Chart Introduction Because of the worse-than-expected CPI data and a strong Dollar, we can take advantage of many potentially good trades available in the markets currently. The fear of an economic crash in Europe is rising due Read More…
Fed Minutes leave markets unchanged ES trading near the long-term trend line Pullback entries giving positive results on lower time frames Yesterday, August 17, the Fed released its meeting minutes which has left most indices unchanged for the most part. ES futures are approaching the upper trend line, which has held since the start of Read More…
