Market Overview: EURUSD Forex The market formed a EURUSD inside bar in the middle of the trading range on the monthly chart. Bulls want a retest of the January 27 high, followed by a strong breakout above. Bears need consecutive strong bear bars breaking below the 20-month EMA to show control. EURUSD Forex market The […]
EURUSD Bears Need Strong Follow-through Selling
Market Overview: EURUSD Forex The EURUSD bears need strong follow-through selling below the 20-week EMA. Bears want a retest and breakout below the trading range low. Bulls view the current move as a pullback forming a double bottom bull flag (April 30 and May 21). EURUSD Forex market The Weekly EURUSD chart The Daily EURUSD […]
Crude Oil Formed a Lower High
Market Overview: Crude Oil Futures Crude oil formed a lower high after testing the top of the triangle. Bears need to create a strong bear entry bar with sustained follow-through selling to increase the odds of a breakout below the triangle. Bulls want any pullback to form a higher low relative to the May 6 […]
E-mini Spike and Bull Channel
Market Overview: S&P 500 E-mini Futures The market formed an E-mini spike and bull channel in the last 8 weeks. Bulls want any pullback to be weak and sideways, lacking follow-through, with overlapping candlesticks and prominent lower tails. Bears need to generate strong bear bars breaking below the minor bull trend line to indicate strength. […]
Weekly E-mini Tight Bull Channel
Market Overview: S&P 500 E-mini Futures The market formed a weekly E-mini tight bull channel making new all-time highs. Bulls want a spike and channel pattern lasting several months. Bears need to generate strong bear bars breaking below the minor bull trend line to indicate strength. S&P500 E-mini futures The Weekly S&P 500 E-mini chart […]
Crude Oil Bulls Want a Breakout Above
Market Overview: Crude Oil Futures Crude oil bulls want a breakout above the triangle to retest the March 9 high and continue the trend. Bears see the current move as a retest of the prior high and want the bear trend line to act as resistance. Crude oil futures The Weekly crude oil chart The […]
Bears Want Follow-through Selling in EURUSD
Market Overview: EURUSD Forex Bears want follow-through selling in EURUSD below the 20-week EMA to increase the odds of a test of the trading range low. If the market trades lower, bulls want the lower third of the trading range to provide support. EURUSD Forex market The Weekly EURUSD chart The Daily EURUSD chart Market […]
Weekly EURUSD Bulls Want a Second Leg Up
Market Overview: EURUSD Forex The weekly EURUSD bulls want a second leg up following the recent pullback to the 20-week EMA. Bulls want a strong breakout above the trading range, followed by a measured move based on its height, targeting the 2018 high. If the market trades higher, bears want the April 17 high, February […]
Broad Crude Oil Contracting Triangle
Market Overview: Crude Oil Futures The market formed a broad Crude oil contracting triangle with converging trend lines. Bulls want a retest of the March 9 high, followed by a breakout above. Bears need consecutive bear bars closing near their lows and breaking far below the April 17 low to demonstrate control. Crude oil futures […]
E-mini Spike and Channel Pattern
Market Overview: S&P 500 E-mini Futures The market formed an E-mini spike and channel pattern in the last few weeks. Bulls want a measured move based on the height of the recent trading range, projecting to around 7550. Bears want any breakout above the trend channel line to fail within a few bars, followed by […]
