Market Overview: EURUSD Forex So far, there is no weekly EURUSD breakout above the triangle pattern. The bulls hope this week was a pullback and want the market to break out above the triangle again. The bears want a reversal from around the top of the triangle pattern and the bear trend line to act […]
Monthly EURUSD Tight Trading Range
Market Overview: EURUSD Forex The market formed a monthly EURUSD tight trading range with candlesticks that are overlapping with alternating bull and bear bodies. The bulls hope to get another leg up breaking above the triangle to retest the December 28 high. The bears hope that the 20-month EMA and the bear trend line will act as […]
Monthly Crude Oil Lower High
Market Overview: Crude Oil Futures The market formed a monthly Crude Oil lower high in July. The bears want a reversal from a lower high major trend reversal, a wedge bear flag (Sep 28, Apr 12, and Jul 5), and a double top bear flag (Apr 12 and Jul 5). The bulls hope that the current sideways-to-down […]
Monthly Emini Pullback
Market Overview: S&P 500 Emini Futures The market is forming a monthly Emini pullback following an extended rally. The bulls want the current pullback to be sideways and shallow. The bears need to create a strong bear bar in August with follow-through selling in September to increase the odds of retesting the 20-month EMA. S&P500 […]
Weekly Emini Follow-through Selling
Market Overview: S&P 500 Emini Futures The market formed a weekly Emini follow-through selling testing the bull trend line. The bulls want the pullback to form a higher low followed by a resumption of the broad bull channel. The bears want a TBTL (Ten Bars, Two Legs) pullback trading far below the 20-week EMA. At […]
Weekly Crude Oil Pullback
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil pullback testing the middle of the trading range. The bears need to create a follow-through bear bar to increase the odds of testing the bottom of the triangle. The bulls see the current move simply as a pullback and want at least a […]
Weekly EURUSD Pullback
Market Overview: EURUSD Forex The market formed a weekly EURUSD pullback, testing near the 2-week EMA. The bears need to create follow-through selling next week (preferably closing below the 20-week EMA) to increase the odds of a deep pullback. The bulls want at least a small second leg sideways to up to retest the July […]
EURUSD Bear Doji
Market Overview: EURUSD Forex The weekly candlestick was a EURUSD bear doji testing the triangle top. The bears want a reversal from a wedge bear flag from around the top of the triangle pattern. If there is a pullback, the bulls want at least a small second leg sideways to up to retest the current […]
Weekly Crude Oil Follow-through Selling
Market Overview: Crude Oil Futures The market formed a weekly Crude Oil follow-through selling on the weekly chart. The bears want a reversal from a lower high major trend reversal, a double top bear flag (Apr 12 and Jul 5) and from around the top of the large triangle pattern. The bulls hope that the […]
Emini Start of a Pullback
Market Overview: S&P 500 Emini Futures The weekly candlestick was a big outside bear bar possibly indicating an Emini start of a pullback. The bears want a TBTL (Ten Bars, Two Legs) pullback trading far below the 20-week EMA. The bulls want the pullback to form a higher low followed by a resumption of the […]
