A relatively narrow range Weekly bar has been printed before the holiday, but still a HH HL bar touching the upper Bollinger band, meaning that the momentum is still very strong, and nothing has changed much as for the nearest targets. Currently there is a bullish signal on the Daily timeframe, last Thursday’s bullish pinbar Read More
December 2016
The passing week ended as a bullish Weekly pinbar on sloping 8 EMA, and as mentioned in the last review, a thrust up above its High is a bullish signal to reach its magnitude distance, at 104.1, a move assumed to be already under way. This target at 104.1 is slightly below the 138.2% extension Read More
We’ve passed one of the more volatile weeks. Prices declined sharply on last Monday after making an Upthrust, then after two days of consolidation came a major Spring (false thrust down ending very bullish) pushing the prices back to the levels of the beginning of the week, creating a Weekly bullish pinbar on sloping Weekly Read More
A consolidation week has passed, the Daily LLBH (Last Low Before High) at 100.71 was taken out, and taking out the Low of 100.675 is a bearish signal to reach the 99.6 level area. However, the current overall bullish momentum should warn us from taking any action to the downside on the Daily and above Read More