The US Indices have been in a major complex correction for more than one year now. During that time the upper and lower border (sup+res) have been hit numerous times. After the Brexit vote this market dropped down, just so it can continue all the way back up in the following week. How quickly will it hit that resistance? youtu.be
The FTSE was the Index with the most upside during the week after the Brexit vote. It closed as high as no other Indice, above its previous resistance, now on the way making new highs. While the US Indices are about to hit them already, in Europe this will be a longer-term endeavour. Should this long breakout be the real deal, we are on our way there already...
Gold clearly broke out to the upside this week. It had done so before, but a retracement back into the Moving Averages (Balance Zone) was always the result. Now we have this market long on all timeframes the trendtrader wants to buy this on. Let it run now. youtu.be
After dropping more than 1000 Pips in just one day (Brexit!) all the Gbp Pairs have been down this week much further. There was no consolidation after the vote, those fx pairs could drop much more and remain a short! youtu.be
Market part of Weekly Recap: youtu.be
Refer to Chart for Details.
Refer to Chart for Details
Refer to Chart for Details.
Refer to Chart for Details.