Blog: Brooks Trading Course

Market Overview: Bitcoin Futures Bitcoin at June 2021 low. This week, the price increased by +2.86% of its value. There were trapped bulls at the June 2021 low who finally got their opportunity to exit their trade. A bear leg should follow. Bitcoin futures The Weekly chart of Bitcoin futures...

Market Overview: Crude Oil Futures The Crude oil futures traded slightly lower but had no follow-through selling on the weekly chart, a Crude Oil failed bear breakout. The bears hope that the move is simply a breakout test of the 16-week trading range low (breakout point) and wants at least a small second leg sideways to down retesting March 20 low. The bulls...

Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures weekly candlestick was a weak bull follow-through bar. The Emini is in a smaller 22-week trading range around 3750 and 4200. The market is currently trading around the middle of this range. Poor follow-through and reversals are hallmarks of a trading range. Traders will BLSH (Buy Low, Sell High) until there is...

Market Overview: EURUSD Forex The EURUSD Forex weekly candlestick was a EURUSD weak breakout from an OO (outside-outside) pattern. The bulls will need to create follow-through buying to increase the odds of a retest of the February high. The bears want a failed breakout above the OO pattern and a breakout below instead. They want a reversal down from a lower high major...

Trading Nut video podcast In this trader video podcast, Cam Hawkins from Trading Nut (formally 52 Traders) interviews Al Brooks for the BEST price action lesson he has had in 10 years! Al Brooks, the absolute Price Action King when it comes to price action trading. Enjoy! Video podcast topics Trading Nut's 2016 audio […]

Market Overview: Nifty 50 Futures Nifty 50 big round number acting like a support for the price. Nifty 50 on the weekly is still inside the bear channel and present bear leg is the 3rd bear leg in this bear channel. In this week's trading, the market formed a tiny bear bar with tails above and below the candle. The...

Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market had a bull follow-through bar to last week and first consecutive weekly close above the monthly exponential moving average (EMA). This is the first time since 2021 that there are two consecutive weekly bull close above monthly EMA. The market went above...

Market Overview: DAX 40 Futures DAX futures moved sideways last week with a bull doji closing above the 20-Week MA. The bears have been unable to get follow-through for many months and have been scalping out at the MA. This leg has the best chance of a small leg sideways to down. But the best the bears can get here is probably a...

Market Overview: FTSE 100 Futures The FTSE futures market reached a 50 percent pullback last week after two big sell climax weeks. We went sideways with buyers below at the 100-Week MA and sellers up at the 20-week MA. Its not a great buy nor sell signal - but probably better to be short than long right now expecting a small second leg...

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Market Overview: Bitcoin Futures Bitcoin huge bull breakout surprise bar. This week, the price increased by +34.07% of its value. It is the biggest increment in a week since the first weekly candlestick of 2021: After that candle, the price ended up rallying +61.64%. What is different this time? At the left of the surprise bar, there is a bear channel. Bear channels...

Market Overview: EURUSD Forex The EURUSD Forex weekly chart formed an EURUSD OO pattern above the 20-week exponential moving average. So far, the bears have not yet been able to create follow-through selling below the 20-week EMA. The bulls want a second leg sideways to up but so far, have not yet been able to create consecutive bull bars. EURUSD Forex market The...

Market Overview: Crude Oil Futures Crude oil strong breakout below the 16-week trading range. They want a measured move down to around 57 using the height of the 16-week trading range. The bulls want a failed breakout and a reversal back into the middle of the trading range from a lower low major trend reversal and a wedge pattern (Sept 8, Dec 9...

Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures opened lower but no follow-through selling. The bears hope that this week was simply a pullback and want another leg down forming the wedge pattern with the first two legs being March 2 and March 13. The bulls hope that the current pullback will form a higher low and reverse up from...

Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market had a big bull surprise bar closing above last week’s bear bar and above the monthly exponential moving average (EMA), with weekly EMA acting as support. The market has completely reversed the big bear bar of last week and is back near the high of the range from the end of January....

Market Overview: Nifty 50 Futures Nifty 50 wedge on the weekly chart, due to the long wick at the bottom of the candle, bears may not be interested to sell next week. The daily chart of the Nifty 50 showed a bear breakout of the wedge, but it appears that few bears anticipated the move, which led to poor follow-through. However,...