April 24, 2020

Daily Trading Analysis video with Jamie Saettele (24.04)

Jamie looks at the 5 wave rally into the April high in GBP/USD.
April 22, 2020

GBP/USD Stabilizes After Oil Related Rout

Cable staged a modest rebound in early trading on Wednesday, after falling to a two week low on Tuesday. The US dollar was broadly boosted by […]
April 22, 2020

Market Update – April 22

Today’s ES break confirms the rally from the March low as a wedge. The implication is that the March low will eventually be re-tested. Near term, I’d still watch for a bounce from 2600/30. Proposed resistance is now the underside of the broken wedge line at 2808.
April 21, 2020

Market Update – April 21

Remember the 4 hour volume reversal on 4/9? ES failed to follow through on that reversal but price is back to that level. 2923/48 wasn’t reached but the rally from the March low consist of 2 equal waves…exactly. So, there is reason to ‘think’ that a countertrend rally is complete. Pay attention to 2770, which is the trendline from the low and VWAP from the February high. A break below there would also leave the rally from March as a bearish wedge, which would suggest an eventual re-test of the low. The next immediate spot to watch then would be 2600/30 (VWAP from the low and recent resistance and support).
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