welcome to the video update for Thursday, March the 11th. Watch Trader Rick review a chart pattern we don’t see too often. In this case we are looking at a 9 minute crude chart that has what some call a parabolic pattern. Watch closely to see the characteristics of a parabolic move. This pattern could […]…
Welcome to the video update for Monday, March the 8th. We will start off with the eurostoxx 50 weekly chart where we are looking for a lower high, a double top or higher prices. Trader Rick looks at the weekly gold chart where we are still watching a possible abc correction. The MACD is still […]…
Welcome to the video update for Friday, March the 5th. The EUR/USD pair weekly chart looks like it may end this week with another doji, the 4th week in a row. This market is in big time hesitation mode! The various moving averages overhead provide resistance so if price moves up in to the sell […]…
Welcome to the video update for Monday, March the 1st. Many charts in today’s video features the MACD indicator. Starting with the eurostoxx 50 daily chart, note the MACD indicator where Trader Rick shows the first cross setup and a divergence play. Are you familiar with a hidden divergence? Take a look. Trader Rick shows […]…