The passing week was very dull in its range, and closed as an inside Weekly pinbar, above the sloping 8 EMA short term sentiment line, a quite bullish picture on the Weekly. Pay attention that taking out the last week’s High is a bullish signal, but since the Weekly bar is an inside bar, it Read More
October 2016
The signs of weakness which I’ve pointed out in the last review didn’t prove themselves, as a new all time High has been achieved. Again, the market showed signs of weakness right after making that High, didn’t manage to touch the upper Bollinger band, and closed the Weekly bar as a Doji. Achieving a new Read More
The FTSE was the highest volatile index throughout the passing week among main stock indexes, where much of the credit belongs to the GBP. The week started by taking out the previous week’s High and negating a Daily bearish setup mentioned in the last review, breaking up strongly all the resistance levels mentioned. By taking out the Read More
The FTSE managed to close the Quarter close to its High, pretty strong. The Monthly bar ended as an inside bar, and the Weekly bar managed to make a HH HL bullish pinbar on a sloping 8 EMA. At first sight the picture looks strong, but this price action may turn out to be very Read More