I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires...
#GBPUSD | USD very strong versus very weak GBP on daily time frame. Currently the price has hit the weekly high and bounced from this level> Momentum as such is good to seek for possible GBPUSD on sell side based on the weekly CSS trend. Don't miss the next FREE Analysis, join the Telegram Channel: telegram.me
CS and other foreign banks up nicely today. They got hit really hard over brexit but have slowly recovered. :-) Let's see what happened from here. Looking for a pull back likely and then a bounce (to test old resistance as new support and old support as newer support)
After a downtrend $CS reached multi-decade lows. It appears that here Credit Suisse Group stock was, and still is, being accumulated. Currently it looks to be completing phase C to enter phase D.
Financials absolutely hammered in 2016