After the huge drop in the beginning of the week, the market couldn't recover from the sudden shock it received, instead it kept consolidating forming a whipsaw closing the week with uncertainty.
We may see a waking up of the market by the start of the new week but since there is US presidential elections next week, things may go either great or worse.
The market continued to drop down from the beginning of this week making it one of several market that fell during week. We might see more dropping of the market due to France's foreign policy and its conflict with the Arab world specially since France monopolizes the biggest part in the Eurostoxx50 which negatively affected the rest of the participating countries...
The market started strong by pushing down as the bears entered the market with high volumes to put a great impact on the market, but the bulls have squeezed the sellers at 3138 giving a feeling that the market may reverse go heavily upward. But the price should break a very important area in order to continue its way upward which is 3169, and if the price could...
I see that market has given a good bearish signal with a significant volume that is superior to its previous volume, but i also see an support zone at 3198 that the price should break before taking off downward. When the price breaks the support line, you should definitely sell the market.
As you can see, the market has finally approached the resistance zone and is trying to break it! When we see that breaking happen we will see a strong move upward! Please make your profit at 3227 so you may exit there! Happy trading.
I see that the market is trying to trap some trader as it is trying to show a fake move to the bottom where there is a tremendous support are at 3189 that pushes the price up no matter what! On the other hand, there is also a strong resistance area at 3217 and i see there is high probability that it will break it and move up. So, when the price breaks that...
Focus on the breaking of 175.37 price line and sell then.
Otherwise (as the green dotted arrow shows) the market could do a PULLBACK to the previous trading range.
I would be glad if you share your opinion with me :)
After a long flag pattern, The FGBL is facing a consolidation after testing two times a resistance on the top which allowed the BCD pattern to form an ascending triangle. If the volumes are important, the increasing behavior will continue until breaking the upper resistance (in black) to reach the target (point D) which is the intersection between a recent...
From a large perspective (weekly or daily on a large period of time) FGBL is increasing.
But for the moment (and in a short period of time) it's following a trading range ... Waiting for some volumes to change the behavior.