The Russell 2000 (US2000) has now formed a large Bullish Engulfing Bar (BUEB) down at the low on the daily price action chart. This engulfing bar is a large candle that is rejecting a major weekly support level as the chart shows below. This market has been in a very compressed and ranging market of …
Technical Analysis of Germany 30 Index as Inside Bars Continue | 7th Oct 14
The Germany 30 Index or the DE30 as it is also known has continued lower after we made our last post on the 1st Oct Germany 30 Fires Off Insde Bar on Daily Chart. As we covered in that commentary, this market has recently been moving strongly lower with a string of aggressive bearish signals …
AUDUSD Fires Off 1hr Pin Bar at Daily Key Level Flip | 3 Oct 2014
The Aussie (AUDUSD) has fired off a false break pin bar on the 1hr chart that is rejecting a key daily price flip level. This pin bar was formed during the last few hours of the US session and price is now stalled at the started of the Asian session. As the daily chart shows below, price has been …
