The passing week was basically a sideways action, printing eventually an inside Weekly bullish bar, closing above the 8 EMA short term sentiment line, a clear sign of strength. But, don’t let the inside bar, tiny range and the sideways action to mislead you. The week showed an important indication for the next move. The Read More
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The 1st Quarter of 2017 ended with a Doji type of Weekly bar, still hanging above the 8 EMA short term sentiment line, but weak. The Weekly bullish Pinbar printed four weeks ago has failed to trigger the market up till the 7470 level as its Low (the Stop level) has finally been taken out. Read More
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