Price on the daily price action chart of Gold (XAUvUSD) has just broken above an important decision point that could be crucial to where price moves over the near term. Price in the recent few months on the Gold daily chart has been a mess with no clear direction or trend and key levels have become …
Price Action Charts in Focus
Stoxx 50 Index Looking to Move Into Price Action Kill Zone | 16th Oct 2014
The Stoxx 50 which is an index of the 50 largest blue-chip European companies operating within the eurozone nations is now as I write this retracing back higher after in recent times being smashed relentlessly lower. Just like a lot of the major world equity markets of late; after going on extended …
Russell 2000 Prints Bullish Engulfing Bar on Daily Price Action Chart | 9th Oct 2014
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 …