Silver has broken through a key support level on the daily price action chart and and most importantly managed to close below. Traders can learn a lot about where price can and cannot close above/below as I discuss in this article HERE. The 4hr time frame of the Silver chart has fired off a Bearish …
EURCAD Bearish Pin Bar & AUDNZD Shoots Lower After Breaking Engulfing Bar Low | 15th Nov 13
EURCAD Bearish Pin Bar The EURCAD has formed a small bearish Pin Bar on the daily price action chart. This pin bar has formed at the recent daily resistance zone that has previously sent price lower. The daily chart below shows that price has previously formed a pin bar at the same resistance that …
Dow Jones & S+P 500 Move Into All Time Highs And Form Daily Bullish Engulfing Bars | 14th Nov 13
Both the Down Jones and the S+P 500 have burst higher and closed at all time highs. Both these markets have engulfed their previous candles and created bullish engulfing bars (BUEB). In this case of the S+P 500 price has broken out of the recent consolidation that price had been stuck in and broken …
