“Evening Star” at resistance to call a halt to the recent rally?
In candlestick analysis one of the more powerful reversal patterns is the “Evening Star”. According to my book the “rules” for an Evening Star are as follows:
So what we’ve just seen on the daily chart …
“Know your levels” over Article 50!
We live in interesting times and as well as keeping an eye on the news (and the latest tweets from Mr Trump!) it is also worth having an eye on the charts.
With this in mind we are offering 2 months FREE daily analysis covering FTSE Futures and Cable (GBPUSD) to any former clients, …
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FuturesTechs has been in existence for over 12 years now. We started life to service traders from the LIFFE Floor who had moved up to offices in and around London and suddenly found they needed a new “edge”, with the noise and “feel” of the Pits suddenly replaced with prices flickering quietly on screens.
Although London moved from Floor to …
Recent Candlesticks suggest Gold may be on the turn, at least temporarily, and momentum studies back up the idea. Let’s dig a bit further.
Figure 1: Gold Daily Candlestick Chart – September – November 2010
Figure 1 is a Daily Candlestick Chart for Comex Gold (all sessions). Last week we got up to a high of …
I have been on CNBC this morning talking about the outlook for the FTSE and Eurostoxx after a big week last week.The link for the interview is on our “Media” page here.
The crux of the comment was that the FTSE Futures broke higher to new territory for the year last Thursday, getting above it’s Arpil high at 5796.5. The …
We are watching these markets very carefully right now as there is a confluence of events that suggest things may be changing. We don;t often start talking the funny-mentals, and we don’t often worry about relationships between markets, however close they may be. But I’m going to make an exception in this instance.
Price action in Oil is probably tantamount …