The passing week was another relatively narrow range inside Weekly bar, continuing the slow advance upwards. The signs of strength for the near term are clear: the Weekly bar closed above the 8 EMA short term sentiment line, and the Daily bars showed no real weakness going through the down sloping Daily 20 SMA (mid Read More
November 2016
The last two volatile price action weeks gave way to a narrow range consolidation week, the whole week as an inside price action within the range of the previous Friday (!) Being within an inner Daily bar environment, currently quite at the mid range, any signal on the 8H and above might be very misleading. Read More
The FTSE was one of the weakest stock markets throughout the passing week. The volatility of the US elections shared by all other stock indexes was expressed as an almost inner bar for the previous Weekly bar, that was volatile by itself. However, it wasn’t a Weekly inside bar as it took out last week’s High, Read More
We haven’t seen such a volatile Weekly bar since the post Brexit days. The Month of October ended as a bearish pinbar on the upper Bollinger band, and a thrust down made on last Wednesday signaled a bearish move of the same magnitude. Prices almost reached the exact magnitude target, practically we may say that Read More