In the passing bullish week, the price has finally managed to reach the Semiannual target of the 2016 First half bullish Pinbar on sloping 8 EMA, at 2430 (the exact spot is 2437).The Monthly bar of May was closed finally as a bullish Pinbar on sloping 8 EMA as well, and already triggered by the Read More
Author: Gil Ecker
The recovery made at the end of the previous week has continued throughout the passing week, and except for Friday, we had a HH HL Daily bar for everyday, a very strong picture. As mentioned in the previous review, taking out the Weekly bullish Pinbar’s High which was the all time High as well is Read More
The passing week has brought some real volatility to the market, extending the current Monthly bar both to the upside and to the downside. The week has started with an Upthrust (false thrust up turning into a reversal down), where Wednesday was the real change of behavior throughout the last couple of weeks, a strong bearish Read More
The passing week has started with a gap up and a new all time High, but reversed almost immediately to close the gap, continuing mostly down for the rest of the week. Eventually the market has printed a HH HL Weekly bar, closing far above the Weekly 8 EMA short term sentiment line, and far Read More
The passing week continued the bullish sentiment revealed in the week before, climbing higher, but the Monthly High which is also the current all time High wasn’t reached finally. The market is in a bullish setup on the Daily Swing, a Follow through that had already been made last Friday, pointing at the level of Read More
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
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