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Bitcoin at June 2021 Low

□ Mar 26 2023 □ Published at Brooks Trading Course under tags bitcoin cryptocurrency market analysis testing resistance

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...

Crude Oil Failed Bear Breakout

□ Mar 26 2023 □ Published at Brooks Trading Course under tags crude oil crude oil futures failed breakout market analysis weak follow-through

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...

Emini Weak Bull Follow-through

□ Mar 26 2023 □ Published at Brooks Trading Course under tags market analysis sp500 emini s&p emini weak follow-through

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...

EURUSD Weak Breakout from OO

□ Mar 26 2023 □ Published at Brooks Trading Course under tags breakout eurusd forex forex market analysis outside-outside pattern

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...

Nifty 50 Big Round Number

□ Mar 25 2023 □ Published at Brooks Trading Course under tags big round number cup & handle double top market analysis nifty 50

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...

Nasdaq 100 First Consecutive Weekly Close above Monthly EMA since 2021

□ Mar 25 2023 □ Published at Brooks Trading Course under tags consecutive bull bars market analysis nasdaq 100

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...

DAX 40 Bull Doji Closing above 20-Week MA

□ Mar 25 2023 □ Published at Brooks Trading Course under tags dax 40 market analysis scalping weak follow-through

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...

FTSE 100 50 Percent Pullback at 100-Week MA

□ Mar 25 2023 □ Published at Brooks Trading Course under tags ftse 100 market analysis pullback

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...