Breaking from the triangle we determined yesterday gave a clear signal during the correction. The price returned to the triangle line and bounced towards the mountain. Today we are awaiting data on oil stocks. The forecasts are for inventories to decline, which is positive news for this stock’s gains. PossibleContinue Reading
I described the situation of the US dollar in a few words while analyzing the EURUSD. It looks interesting if you look at the constantly weakening currency when the economy strengthens and the stock indices (SP500) are reaching new heights … The level at which the currency pair stopped isContinue Reading
The European currency keeps the price, does not let it fall too low. Yesterday I read a question from the president of the European Union that she asked representatives of the Fed. The question was; “Why is the dollar weakening while the US economy recovers and numerous vaccinations are planned?”Continue Reading
The German index surprised me in all its glory. The assumptions of the upward correction exceeded my expectations because only the designated OverBalance from the daily interval showed the correct range of the correction. With such a market behavior, the rule: “I play what I see, not what I thinkContinue Reading
Technical analysis works? Questions about whether technical analysis actually works appear regularly every few days on forums, telegram groups and other places. They are usually asked by inexperienced investors or completely new ones. After all, how can a few lines make the price in a given place turn back, bounceContinue Reading
The morning support turned out to be much stronger than we expected. The DAX went up without corrections until it was near the top line of the highest correction in the entire last downward move. Before the H1 candle closes, a raise is still possible. I am going to goContinue Reading
The German index is implementing the plan. Yesterday, a local RGR formation was created which behaved in a book-like manner. Unfortunately, I have not written it anymore because, as I mentioned in the “our policy” tab, he trades himself and I am not always able to reconcile it. Chart focusContinue Reading
Crude Oil did not behave as expected. I assumed a strong reaction to the data that turned out to be weak. The increase in inventories did not move the price so much that we could speak of a reversal or rebound in the price. When you see the chart, youContinue Reading
Due to the strengthening US dollar, we are waiting for another attempt to attack the resistance level. As I wrote earlier, the support and resistance become “weaker” with each subsequent attempt to break through. The third, fourth and each subsequent attempt to break the resistance indicate a strong pressure forContinue Reading
The resistance shown in the morning turned out to be so strong that the price failed to break. The condition for long positions was to break the resistance, while short positions are still present on the chart. As I wrote at the beginning of last week, I am still waitingContinue Reading
