Analyzing the multi-year level back from 2016. Fibonacci retracements, RSI, and a rolling top show further downside for 6E. A look at Bullish and Bearish Scenarios. Zooming Out The multi-year support & resistance level for 6E is $1.0543. This level has been tested multiple times since 2016. The market price is sitting on this level Read More…
Gold is now only 12% away from 2022 highs. Critical technical indicators that help us understand recent price action. Analyzing an Orderblock and Moving Average Band for Improved Entries. Gold Up 2.6% So Far in 2023 It’s been a positive start for Gold, with the yellow metal up 2.6% in the first week of trading Read More…
CL suffers a 9% decline in just two days, as suspected. Analyzing the order block responsible for multiple price rejections at $81.55. Evaluating the differences between time-based and range charts in a trending market. Quick Recap Before the end of the year, we looked at possible bearish targets around $67.98. CL dipped from $75 to Read More…
The bearish target below $11,000 has been reached. Using Fibonacci Retracements to set potential bearish targets. Analyzing the yearly NQ chart alongside quantitative easing. 3 indicators to pay close attention to. Bearish Break Of Consolidation Zone We have been monitoring the consolidation zone on NQ now since the middle of November. Price remained in a Read More…
Indices are trading near 2022 lows Technical analysis on NQ, Gold & CL What we can expect from 2023 What We Can Expect From 2023 2022 saw the majority of markets take a free fall. NQ dropped over 32%, ES ended the year down 18%, and Gold, traditionally a safe haven ended flat on the Read More…
As investors looked forward to 2023 with caution and weighed hopes for economic growth, equities closed lower on Wednesday as US Treasury yields rose. China also eased COVID-19 restrictions amid concerns about rising incidences in the country. The benchmark 10-year Treasury yield rose for the third day in a row, reversing a decline earlier as Read More…
