The price consolidation in the current area has continued throughout the passing week, and as expected it did make a Weekly HH, the price has reached the target of the bullish signal given here last week, as well as reaching the middle range of the upper Megaphone pattern, as usually happens after breaking a Megaphone Read More
September 2016
As expected, the market has been consolidating (though very volatile, but relative to the previous sharp move down) throughout the passing week. There are much more chances for another week of correction up than continuing the bearish move the market had started. The Weekly High at 2156 is likely to be taken out. Pay attention Read More
Finally, the inability to push up, closing the month of August as a Doji that doesn’t touch the upper Bollinger Band and a considerable backwardation in the new contract for December 2016 (ESZ6) resulted in a vast move down on last Friday. The previous most important bullish sign, the Weekly pinbar of the first week Read More
The month of August closed as a Doji bar, not touching the upper Bollinger Band, not an exciting sign for the midterm bulls as there is less chance for a Monthly bullish momentum ahead. As mentioned in the last review, the Daily bar of previous Friday, August 26th did serve as a stopping action, while Read More