June 2016

Examining the shocking wave after the Brexit decision published, although Friday’s bar range was huge, -as far as bigger timeframes are the matter, even the Weekly timeframe, it didn’t change much but extending an existing range both to the upside and to the downside. The big Weekly bar finally closed in the middle, meaning much more sideways Read More

Days before the Brexit poll, The FTSE100 entered a bearish setup in the passing week by breaking down the 6050.21 level. As mentioned in the previous review, the target for this setup is at the 5800 level area. This area is also the Monthly and Weekly lower Bollinger Bands, and a major Daily support level Read More

The stubborn sideways action continues, but the passing week revealed a considerable sign of weakness, by making an upthrust (false thrust) above the previous two week range, finally taking out their Low at 6109.58 as well. This kind of price action, followed by a thrust down in the coming week is bearish, but the real test Read More

After breaking up the 2 Week range in the previous week powerfully than expected, the passing week was no surprisingly a consolidation and testing again the 2 Week mid range, as this price action suggested two weeks ago. The Monthly bar of May ended as a small range LH LL (Lower High-Lower Low) bar, in Read More