2017

The previous Weekly bar closed as a bullish pinbar on sloping 8 EMA, and as mentioned in the last review, a thrust above its High is a bullish signal to reach the 7310 area. That thrust came right on last Monday, and after a false thrust down on Wednesday, the move up has eventually started. Read More

Another LL LH week has ended closed to its High (Weekly bullish pinbar on sloping 8 EMA). As mentioned in the last review, taking out the Weekly Low did close the open gap the market left at the beginning of the year, which now turned into a sign of weakness. More important is the fact Read More

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

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