Market Overview: Crude Oil Futures The market formed a weekly Crude Oil breakout above the triangle pattern. The bulls want a measured move based on the height of the tight trading range which will take them to the July high area. The bears want a reversal from a double top bear flag (Oct 8 and […]
Weekly EURUSD Breakout Below the Trading Range
Market Overview: EURUSD Forex The market formed a weekly EURUSD breakout below the trading range. The bears want a measured move based on the height of the trading range. The bulls want a reversal from a large double bottom bull flag (Oct 3 and Jan 2), a wedge pattern (Oct 23, Nov 22, and Jan […]
Eurusd Breakout below Trading Range
Market Overview: EURUSD Forex The EURUSD breakout below the trading range on the weekly chart. The bears want a strong breakout below the trading range low and a measured move based on the height of the trading range. The bulls want a failed breakout followed by a retest of the middle of the trading range. […]
Crude Oil Breakout from Tight Trading Range
Market Overview: Crude Oil Futures Crude Oil breakout from the tight trading range on the weekly chart. The bulls want a measured move based on the height of the tight trading range which will take them near the July high. The bears want the market to form a lower high and the top of the […]
Monthly Emini Bear Bar
Market Overview: S&P 500 Emini Futures The market formed a monthly Emini bear bar in December. The bears must create consecutive bear bars (something they haven’t been able to do since Oct 2023) to show they are back in control. The bulls They want the pullback to have poor follow-through selling. S&P500 Emini futures The […]
Weekly Emini Trading Range
Market Overview: S&P 500 Emini Futures The market is forming a weekly Emini trading range. The bears see this week simply as a pullback and want at least a small second leg sideways to down. The bulls see the current move simply as a pullback and want the market to resume higher from a double […]
Weekly Crude Oil Inside Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil inside bar closing near its high. The bulls need to create a strong breakout above the November 7 high to increase the odds of a measured move up based on the height of the tight trading range. The bears want a retest of […]
Weekly EURUSD Inside Doji
Market Overview: EURUSD Forex The market formed a weekly EURUSD inside doji this week. The bulls want a breakout above, while the bears want a breakout below the inside bar. The bears want a strong breakout below the trading range and a measured move based on the height of the trading range. The bulls want […]
EURUSD Retest the Recent Low
Market Overview: EURUSD Forex The EURUSD retest the recent low (Nov 22) this week. The bears want a strong breakout and measured move based on the height of the trading range. The bulls want a reversal from a large double bottom bull flag (Oct 3 and Nov 22), a higher low major trend reversal and […]
Bulls Want a Crude Oil Breakout
Market Overview: Crude Oil Futures The bulls want a Crude Oil breakout to retest the top of the triangle from a wedge bull flag (Oct 29, Nov 18, and Dec 6). The bears want a retest of the October/September lows and the bottom of the triangle from a wedge bear flag (Nov 7, Nov 22, […]
