Week 04 Recap: “Bears (Red arrow) will show up to bring price to the low of Week 03 (Maroon horizontal line) and then the lower border of the…” Bears were not willing to let the bulls have all the fun in 2012. Nevertheless, bulls and bears both
Read more →Gold close the 5th week of 2012 in negative territory at 1725 but it is still closed higher than the weekly low. It continued its ascent from Dec’11 low and the rally appears to face resistance at Nov’11 high at 1762. It rose to 1763 before sell
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Read more →The EURUSD changed from a bearish head and shoulders setup into a flag-like bullish one. Earlier this week, we saw a head and shoulders setup and looks good for a continuation short in the 4-hour chart. It broke the neckline but was faded quickly. Since then, price
Read more →Weekly highs and lows are important gauge of market sentiment. In this picture, Dow is showing weakness for the first time in 6 weeks. Failing to retain higher gains made in Week 4 Falling below of previous low Since the index is trading back inside these zones,
Read more →Gold bulls were raging last week, induced by Fed’s extension on the period of ultra-low interest rate. Gold broke the resistance at 1666 (Nov’11 Low) and long term trend line. At the same time, it made impressive $91 move with a week, and closed the 4th week
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Read more →Indeed inWeek 04, Bulls welcomed the Year of the Dragon with renewed hope and strength! a) Tflow® Dragon bulls who joined in the run on the first day of the Lunar New Year on H1 pocketed a 245-pip Ang Pow upon reaching the 3rd Predicted Target. b)
Read more →On hindsight, the low of 2011 set in January last year turned out to be an important technical level. Weekly chart reveals a neat morning star reversal candlestick pattern. This is likely due to short covering and bottom fishing by speculators. The result is a bear trap
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Read more →Week 02 Recap: “Price failed to close below this key support level on three attempts in the past week…” My oh my, and what happened after that? Gong Xi Fa Cai to the bulls! a) Tflow® bulls who finally got in their trades on H1 received a
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