After a bearish Engulfing pattern on the previous week, the passing week ended as a bullish pinbar on sloping 8 EMA (short term sentiment line). The clear sign of strength is the fact that the open gap since the beginning of the year has been tested – but not closed. Taking out the Weekly High Read More
January 2017
After 6 consecutive clear bullish weeks, achieving the targets mentioned at this area, here came the passing week to make a bearish engulfing pattern, cooling the bullish enthusiasm. However, pay attention to the strong momentum by the penetration of the upper Bollinger band of the last three Weekly bars. It means that even if the market Read More
The market has decided to open the year very bullishly, leaving even an open gap up, and a very decisive move up. The target for the Weekly bullish pinbar on sloping 8 EMA, 4 weeks ago, has been conquered right at the first trading day. We are currently closed to the target of the Brexit Read More
Like in the previous week, in the passing week the FTSE100 was one of the strongest stock markets, printing a HH HL Weekly bar closing on its High. The Monthly bar has indicated a very convincing reversal up, as well as the Yearly bar has done. The most important picture is the Yearly picture. Being Read More