THE KOG REPORT:
In last week’s KOG Report, we said traders must be aware of the conditions they’re trading, and markets are moving at extreme levels, we said would be looking for that sudden turn in Gold that may catch traders out. We gave the initial resistance level on the open of 2330-35 where we anticipated the first move down into support, this gave traders...
The the 30m chart the EURJPY is forming a potential falling wedge. On the chart infront, you can discover a bullish market structure
Additional confluences:
- Price has dropped to the support range created from the previous major high
- The price is testing the 0.382 Fib. Have in mind that the 0.5 and the 0.618 levels are also in the support range so it is...
DJ:DJI NASDAQ:NDX
SP:SPX
Equities have rallied in June 2022. However, here in the S&P500 chart we can see a patter that is true for all 3 equity indexes. All three indexes (DOW, SP500, NASDAQ) are at a technical resistance level. This means that it is at a price level that it previously attempted, but was unable to cross above.
Let's consider that the price...
