Welcome to the video update for Monday, November the 30th. Trader Rick starts with the eurostoxx 50 weekly chart where price found support at the lower keltner band. Trend is up. Possible slingshot so keep an eye on that possible pattern. On the daily chart, look for two common chart patterns to take place. Look […]…
Welcome to the video update for Monday, November the 23rd. First chart up is the weekly eurostoxx 50 chart where we have evidence of loss of momentum. Keep in mind the trend is up on this timeframe. On the daily eurostoxx 50 chart, Trader Rick illustrates price making a possible trend change due to the […]…
Welcome to the video update for Friday, November the 20th. First chart up is the euro currency 13500 volume chart where we may have a triangle pattern. Trading in a triangle typically carries a lower probability of a successful trade so be careful. Keep an eye on underlying support just above 1.4800. Trader Rick takes […]…
Welcome to the video update for Monday, November 16th. Beginning with the europe markets the first chart up is the eurostoxx 50 weekly chart that has an aggressive 9/30. Be aware of the bearish divergence forming on this timeframe. On the daily chart price traded outside the upper keltner most of the past week indicating […]…
Welcome to the video update for Wednesday, November the 11th. This update will cover the daily gold chart and the stock indexes. In gold, Tuesday put in an inside day, indicating hesitation. The question is, will gold continue higher or retrace the recent gains. Watch Wednesday’s close for your clue. Trader Rick is watching a […]…