Gold broke down from its multi-month descending triangle.
The sell off did not stop at $1,262 but reached the pattern target at $1,240. This brings the "new bull market into serious trouble"...
In the bullish scenario gold is just witnessing a healthy pullback and will hold above $1,220 - $1,240. It needs to move back above $1,300 and especially $1,325 in a...
If we look at Pierre's analysis we can see that in the next houers the market will go up. But when it touches the trendline it will go down again. As we can see, there's forming a triangle with a horizontal bottom line. An indicator for the market breaking soon or later the triangle in order to go down. But after the market breaks out, it will situate itself in an...
AUDUSD Bias
At the turning point
1. If A double bottom with a bullish divergence forms.
When going up
2. If the eurusd isn't falling while audusd is rising.
The eurusd and audusd pullback's trends is still going strong and have proved themselves many times. Before shorting I'll look for this trend to be broken but for now it's still on. I rather loosing one or...
When the Coppock Curve turns around this is a good sign the chart is reversing direction. Combining this with the TrendBars indicator which add Heikin-Ashi colors to the candlesticks, both indicate a bullish direction. This is still true, even while the chart had wild premarket buying and resultant selling off during regular market open times today. The chart is...
