Silver high-test candle on the monthly chart, and double tops, on the weekly, signaling a potential pullback in the price. On the 4H chart, the price broke below a bearish…
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technical analysis
Gold – broke below the double bottoms and support level
The price broke below the double bottoms and support level around 1765 on both, the weekly and the daily charts, extending the weekly pullback. The break continues the 3rd bearish…
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Russell 2000 reached the second target of the bullish wave on the weekly chart
The index reached the second target of the bullish wave on the weekly chart at 1.618 FIB extension around 2280 and started a pullback. The price broke down below ascending…
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S&P 500 index closed with tweezer tops on the monthly chart
The index closed with tweezer tops on the monthly chart however, it managed to close higher than the previous monthly close. The 1H chart is within a bearish run, the…
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DXY dollar index retested and rejected the breakout of descending wedge on the weekly chart
The index closed the week with a bullish low-test candle rejecting the breakout of a descending wedge on the weekly chart. The rejection on the weekly chart materialized on the…
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NASDAQ reached the 4th target of the 3rd bullish daily wave, and started a pullback
The price almost reached the 4th target of the 3rd bullish daily wave at 2.618 FIB extension around 13 900 and started a pullback on the daily chart. This pullback…
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FXCM dollar index bounced strong, closing with bullish engulfing on the weekly chart
Despite the strong bullish momentum from the last week and the closing with a bullish engulfing candle on the weekly chart, the price reached resistance, and we need further price…
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Tesla Inc. – broke below previous low, hint for a potential further decline in the price
Last week the price briefly broke below the previous low at 780.70 on the 4H chart. This break is a hint for a potential further decline in the shares of…
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S&P 500 – formed Head & Shoulders on the 4H chart and broke below the neckline
Looking at the 4H chart of the CDF, the price formed Head and Shoulders and broke below the neckline on Monday the 22 February when the futures market opened. This breaks…
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NASDAQ – formed Head and Shoulders and broke below the neckline
Looking at the 4H chart of the CDF, the price formed Head and Shoulders and broke below the neckline on Monday the 22 February when the futures market opened. This…
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Apple Inc. – formed potential Head and Shoulders on the daily chart
The price formed potential Head and Shoulders on the daily chart. Break below the neckline, below 126, will confirm the bearish run on the 4H chart. The first target of…
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EUR/USD – formed potential Head and Shoulders on the 4H chart
The price formed potential Head and Shoulders on the 4H chart, if we see a break above the resistance zone between 1.2170 – 1.2190 we will see further upside toward…
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