Hello traders!
This week the market has gone quite a nice distance, 3 points, in a week where the market was up 4 out of 5 days. As we have stated on the previous post, the bullish sentiment still goes on and the pinpoint rebound call from 163.00 still continues.
Last week we have mentioned the pivot resistance level around the gap that formed few weeks ago. This...
Hello traders!
On the previous week we saw a nice upward movement of the market, a gain of about 2 points.
Although that week’s price action is green, drilling into a lower time frame (5-10 minutes), we can see the struggle that has happened throughout the week - deep and continuous pullbacks immediately when a new high is reached. This behaviour tells us that...