The S&P 500 Index looks extremely overextended and a downward movement is likely going forward.
Currently, the SPX is in a very similar configuration to the pre-pandemic (late 2019 going into early 2020).
Back then the price continued to move higher forming multiple tops while the RSI Exhaustion continued to decrease and stayed mostly bullish exhausted (colored...
The EURUSD is currently in a downward channel and two alternative scenarios are possible:
The downward channel should signal a further move to the upside. This view is supported by the fact that the pair broke up a similar consolidation in late-May/early-June and the price has increased until early September when it started consolidating. The RSI Exhaustion ...
I am looking at longing EUR/CAD at the top green line because the high is untested.
I'm going through different styles of trading, so right now I'm trying minimalist trading: HLC bars, same color for up and down.
The idea here is that I want all extraneous information off of the chart so that I'm focused only what matters, and not what doesn't.
A breakout opportunity is forming on the WTICOUSD.
The pair has seen a rather significant upmove earlier this year from around 40 to about 65. Since the spring it has been consolidating between mid 60s and the low 50s.
The price is now squeezing and the indicators we use, all confirm that a new opportunity is forming.
Remember to be patient and always check...
A breakout opportunity is forming on the BTCUSD.
The pair has seen a big upmove since earlier this year. More recently it has been consolidating between the high 13000s and the low 9000s.
Currently, the price is squeezing and the indicators we use, all confirm that a new great opportunity is coming.
Remember to be patient and always check confirmation from the indicators!
The BTCUSD is due to a major move soon. The pair has been consolidating to the downside for several months now and it has been significantly squeezing until now.
During the last few months, the pair formed Lower Highs and Higher Lows, hence forming a nice pattern that is about to be broken.
The Sentiment Index is squeezing which is a great indication that...
I usually post 1h charts but I think this weekly chart is very helpful to every FX trader .
EURUSD is in consolidation since last May in the 1.155–1.18 area. This situation is the prelude of a breakout and a big impulsive move coming in the second part of 2018 and possibly 2019.
The indicators are currently looking good but we need to wait and see the breakout,...