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…
Gold consolidating ahead of Fed Minutes Dollar weakness could fuel a short-term rally in the yellow metal It remains to be seen if the key support level at $1780 will hold Today, Wednesday, August 17, the federal reserve will comment on their view of the economy and how they will approach fiscal policy for the Read More…
The best day on Wall Street ended today as markets turned lower on recession fears. Investors are unsure whether inflation has peaked. US President Joe Biden is expected to call for temporary tax relief on gasoline. E-mini S&P 500 (ES) futures rose overnight as investors hoped the economic outlook would not be as bad as Read More…
Oil supply concerns were reduced this morning, pushing the index higher. Positive US data has eased recession fears among investors. Crude oil inventory data from the US could move the index later in the day. Bulls could push prices to 13000 in the charts. The Nasdaq 100 index (NQ) futures closed lower on Wednesday, as Read More…
