After the slow and creeping decline of the last 7 weeks, there came the passing week with a strong bullish week, gap up, managed to test the all time High levels and negating all the bearish setups that had been made on the Daily and Weekly timeframes lately. The Monthly bar of April closed bullishly, Read More
April 2017
A rather bullish week has passed, respecting the Monthly Low at 2317.75, closing the Weekly bar above the 8 EMA short term sentiment line. But still, it was a LL LH Weekly bar. Currently, the market is still in a bearish setup to take out the Monthly Low, reaching 2310 before another bounce up is very Read More
The tensed price action on the middle of the range (2350-2355) has brought more volatility and the Monthly bar has expanded to the downside. On the last trading day of the passing week, Thursday, the price has declined sharper and penetrating the Daily lower Bollinger band, what makes the chances for a V bottom to Read More
The passing week was very misleading as of its Daily price action, and most of it was comprised of sideways action. A bullish opportunity that the market introduced throughout the week has turned into a trap as Breaking up the Weekly High last Wednesday turned into an Upthrust (false thrust up turning into a reversal Read More
After reaching the target of last November’s Spring at 2400, the month of March ended eventually as a relatively wide range bar closing in the middle. This is not a classic Doji, not in the shape and not by the meaning, and is more kind of a stopping action bar. The fact that on the Monthly Read More