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 …
AUDCHF Shoots Lower After False Break Engulfing Bar | 13th Nov 2013
Price on the daily chart of the AUDCHF has moved lower and into the recent lows which has previously acted as a swing support. This move lower was kicked off by a large bearish engulfing bar (BEEB) that formed up at the high and was making a clear false break of the key resistance in this market. …
AUDUSD Breaks Lower & Sets Up For Price Action Kill Zone | 12th Nov 2013
The AUDUSD has burst lower on the daily price action chart and has now broken through the most recent swing point. Price had found support and bounced higher for three days, but price has since crashed lower and back through support. This new bearish momentum was kicked off from a large bearish …
