Author: Gil Ecker

Except for last Monday, the rest of passing week was bearish, starting with a Daily Upthrust (false thrust up) above Monday’s High turning into a relatively strong supply down to 7300. But even that won’t make the Weekly closing below the 8 EMA short term sentiment line, a clear sign of strength. On the other Read More

The market has printed another bullish Weekly bar, where most of the advance took place last Thursday. As commented in the last review, after the reversal attempt up on the previous Friday that lacked the thrust up at the end, a bullish Daily bar that closes above the Daily 8 EMA short term sentiment line Read More

After the big bullish Marabuzo two weeks ago, there came another consolidation week, yielding an inside Weekly bar. Last Thursday ended as a bullish pinbar on sloping 20 SMA, but that bar closed relatively weak, below the Daily 8 EMA. Last Friday changed some of the atmosphere, but didn’t manage to close strongly. Another Daily Read More

The FTSE has printed a bullish Week bar, mostly due to last Wednesday, with an impressive bullish Marabuzo Daily bar not seen since December 7th. In the last review I’ve mentioned the reversal down the market did when it had a good chance to break up with strength. The manipulation of the market was clever. Read More

The thrust up above the previous Friday’s bullish pinbar ended as a false thrust up, before a clear signs of weakness for the rest of the week, finally ending the whole week as a bearish OKR. This was an important indication where the market could take out the all time High and demonstrate strength for Read More

The market has reached the target of 7310 mentioned in passed reviews, by printing another bullish weekly bar, with some shortening of the thrust. The market is in a Monthly bullish setup to reach the area of 7600 by a follow through model seen on the Monthly chart. Last Friday ended as a clear sign Read More

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