Price in the past two days on the US 30 or the Dow Jones has smashed through a crucial support level on the daily price action chart and most importantly remained closed below. As the daily chart shows below; this level has acted as a previous resistance and "flipped" to act as a support level, with …
Price Action Charts in Focus
What is the Price Action Telling us on the Brent Oil Daily Chart? | 6th Mar 2015
Price action on the daily chart of the Brent Oil market is stuck trading in a severe sideways range. Price is stuck at the present time unable to make a sustained move either higher or lower because of this severe boxing as the daily chart shows below; Boxing is when the price action moves and …
UK 100 Index Winding Up Above Resistance With Inside Bar | 25 Feb 2015
The UK 100 Index or the FTSE 100 as it is heavily based off is winding up and has formed an inside bar on the daily price action chart. Over the past few days price has been winding up tighter and tighter with price stalling at it's current position, looking to build the order flow it needs to make …
