The US Small Caps 2000 has now rebounded higher after falling lower in the previous session. Price had made a steep move lower during the session after a bearish engulfing bar (BEEB) had formed on the daily chart. After price broke the low of the bearish engulfing bar it gained momentum and moved …
Brent Oil Fires Bearish Engulfing Bar on Daily Price Action Chart | 24th June 14
The daily price action chart of the Brent Crude Oil market has fired off a Bearish Engulfing Bar (BEEB) that is up at a swing high. Whilst this BEEB is a large trigger signal that is up at a high, it is also against the most recent strong momentum that has been higher after price recently broke out …
Oil Looking to Move Into Daily Price Action Kill Zone| 19th June 2014
Price on the price action daily chart of Oil (WTI v USD) has recently broken out and is now looking to retrace into a potential kill zone. After breaking out of what was a really solid resistance level, price made a solid run higher before firing off a small bearish rejection candle. Price is now …
