Market Video Report: Bitcoin Duration 16:58 mins. Summary Bitcoin prints a weekly bull reversal bar after validating a strong double bottom support. The higher timeframe trading range context now favors a two-legs up structure following a completed corrective phase. A low-probability High 2 buy setup emerges with targets well above $65,000. Transcript As we noted […]
Dax 40: High 2 near Measured Move Targets
Market Video Overview: DAX 40 Futures Tim Fairweather’s weekly report on the DAX 40 futures market. Follow Tim Fairweather’s YouTube channel for more Al Brooks price action analysis. Market analysis reports archive You can access all weekend reports on the Market Analysis page.
FTSE 100 High 2 in Bear Leg at Prior All-Time High
Market Overview: FTSE 100 Futures The FTSE futures market moved prices higher, setting up a High 2 with 5 days of trending lows. The bears failed to get follow-through selling at the MA, so we might need to move higher. The bull bars are not strong, and we have a bear trend line above, which should […]
Emini High 2 Buy Signal in Tight Trading Range
Trading Update: Friday June 9, 2023 S&P Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Yesterday’s Emini setups Al created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each […]
Nifty 50 Micro Double Top
Market Overview: Nifty 50 Futures Nifty 50 micro double top on the weekly chart, but since the market formed a bull bar this week, few bears would be shorting below the bar 1 (shown on the weekly chart below). However, given that the market is still moving inside of a bear channel, some bears might […]
Crude Oil Triggered High 2 Buy Signal
Market Overview: Crude Oil Futures The Crude oil futures triggered the High 2 buy signal from a higher low major trend reversal (Oct 18). Bulls need a strong follow-through bar trading far above the 20-week exponential moving average and the bear trend line to increase the odds of higher prices. Bears hope that this is […]
Emini Triggered H2 Buy Signal but Trading Range
The S&P 500 Emini futures triggered the H2 buy signal on the weekly chart. The bulls need to create a follow-through bull bar to increase the odds of higher prices. Bears want a reversal lower from a double top bear flag with Oct 5 high or around the bear trend line. The Emini is forming a small trading range around the June low between 3500 and 3800. Traders will BLSH (Buy Low, Sell High) until there is a breakout from either direction.
EURUSD H2 Buy Signal, Need Follow-through
The EURUSD Forex bulls triggered the H2 buy signal on the weekly chart. Next week, the bulls need to create a follow-through bull bar to increase the odds of higher prices. Bears hope that the current pullback is simply forming a double top bear flag with October 4 high. The bear trend line and 20-week exponential moving average are resistances above.
FTSE High 2 possible at 20-week moving average
Market Overview: FTSE 100 Futures The FTSE futures market went sideways last week with a FTSE High 2 possible at the 20-Week Moving Average (MA.) We said last week a fifth bear bar on the weekly was unusual and traders expected a pullback. The bulls see a pullback from a tight channel up to the range […]
Emini bulls trying for High 2 bull flag
Trading Update: Friday April 8, 2022 Emini pre-open market analysis Emini daily chart The market went outside yesterday. The bulls are trying for High 2 bull flag on April 6. However, the signal bar is weak. The bulls want this current bull flag to lead to an upside breakout of the February high and the […]
