Market Overview: EURUSD Forex The market formed a weekly EURUSD retesting August High this week. The bulls need to create a follow-through bull bar breaking above the August 23 high to increase the odds of testing the July trading range high. The bears want a reversal from around the upper third of the large trading […]
Weekly Crude Oil Bull Entry Bar
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil bull entry bar on the weekly chart. The bulls need to create a follow-through bull bar to increase the odds of testing the middle of the trading range. The bears want a reversal from a double top bear flag (with the first leg […]
Emini Retest All-time High
Market Overview: S&P 500 Emini Futures The market formed an Emini retest all-time high this week. The bulls must create a strong breakout with follow-through buying to increase the odds of the trend resuming. The bears want a reversal from a double top (Jul 16 and Sep 19) and a higher high major trend reversal. […]
Weekly Emini Retest High
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini retest high following last week’s pullback to the 20-week EMA. The bears want a reversal from a lower high major trend reversal or a double top with the all-time high and a double top bear flag with the August 30 high. The bulls […]
Crude Oil Test the Trading Range Low
Market Overview: Crude Oil Futures Crude Oil test the trading range low but reversed into a bull doji on the weekly chart. The bulls want a failed breakout below the triangle and the market to reverse to the middle of the trading range. If the market trades higher, the bears want a reversal from another […]
No Weekly EURUSD Follow-through Bear Bar
Market Overview: EURUSD Forex There was no weekly EURUSD follow-through bear bar on the weekly chart. The bulls want at least a retest of the August 26 high. They need to create a strong entry bar next week to increase the odds of a retest and breakout above the August high. The bears hope to […]
2-Legged EURUSD Pullback
Market Overview: EURUSD Forex The bulls hope that the market is simply forming a 2-legged EURUSD pullback and want a resumption of the bull leg after the pullback phase. The bears want a reversal from around the upper third of the large trading range from a double top bear flag (Dec 28 and Aug 23) […]
Weekly Crude Oil Breakout
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil breakout below the triangle pattern. The next target for the bears is the December low. They need to create a follow-through bear bar to confirm the breakout. The bulls want a reversal from a double bottom bull flag (Jun 4 and Sept 6) […]
Weekly Emini Big Pullback
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini big pullback with a big bear bar testing the 20-week EMA. The bears need to create a follow-through bear bar to increase the odds of retesting the August low. The pullback is stronger than the bulls hoped it would be. They hope to […]
Monthly EURUSD Buy Vacuum
Market Overview: EURUSD Forex The market formed a monthly EURUSD buy vacuum test of the trading range high. The bulls need to create a follow-through bull bar in September following the breakout above the triangle to increase the odds of a breakout above the July high. The bears want a reversal from a double top […]
