Weekly Market Overview June 14 Weekly Market Overview June 14 is the article in which you’ll find a PDF file with my updates for the next week. You’ll also find my current and past trades. Previous Weekly Market Overview Updates This is the ninth market overview issue that I’m publishing. So, you can find the first one here: 20 – 24 April 2020, the second one here: April 26, the third one here: May 03, the fourth one here: May 10, the fifth one here: May 17, the sixth one here: May 24 and the seventh one here: May 31. And finally, the eighth one is here ..read more

Descending Triangle Pattern on #HPQ Descending Triangle Pattern on #HPQ is a classical chart pattern, located at the end of a pullback. Therefore, it has bearish implications. The premise This is the third descending triangle pattern that I trade this year. After the Descending Triangle on USDJPY and Descending Triangle Pattern on EURPLN. Therefore, let’s take a look at the #HPQ (HP Inc) daily chart. We’ll see hat we have a descending channel at the left part of the chart. A deeper correction after the breakout of the descending channel. And a 50% drop with the subsequent pullback. So, at the ..read more

Cup and Handle Pattern on ASX200 Cup and Handle Pattern on ASX200 is a classical chart pattern, located at the end of a 39% drop. Therefore, it has bullish implications. The premise The first thing that you need to know is that ASX200 is an index of stocks listed on the Australian Securities Exchange. Now, let’s take a look at the daily chart of the ASX200. We’ll see that we have an uptrend at the left part of the screen. And after that we have a 39% drop. And, at the end of the drop, we have our cup and handle pattern. So, it is this cup and handle pattern which might signal the end of the dr ..read more

Weekly Market Overview June 7 Weekly Market Overview June 7 is the article in which you’ll find a PDF file with my updates for the next week. You’ll also find my current and past trades. Previous Weekly Market Overview Updates This is the eighth market overview issue that I’m publishing. So, you can find the first one here: 20 – 24 April 2020 update, the second one here: April 26 update, the third one here: May 03 update, the fourth one here: May 10 update, the fifth one here: May 17 update and the sixth one here: May 24 update and the seventh one here ..read more

Descending Triangle Pattern on EURPLN Descending Triangle Pattern on EURPLN is a classical chart pattern which is located at the end of a thrust. Therefore, is has bearish implications. The premise This is one of the patterns mentioned in the Current Positions section from Weekly Market Update May 24 PDF file. Therefore, let’s take a look at the daily chart of the EURPLN currency pair included in the PDF file. You’ll see that I labeled this pattern as an inverted cup and handle. But, it can be also labeled as a descending triangle or even a symmetrical triangle. From my point of view, it doesn ..read more

Inverted Head and Shoulders on EURCHF Inverted Head and Shoulders on EURCHF is a classical chart pattern, which is located at the bottom of a falling wedge. Let’s take a closer look. The premise Let’s take a look at the weekly chart of the EURCHF currency pair. We, need to start with the weekly chart because we need to understand the context first. So, we can see that after the January 2015 flash crash, the price moved in an orderly manner into an ascending channel. After the ascending channel, the price moved into a falling wedge. And now, at the bottom of this wedge, we can see our inverted ..read more

Inverted Head and Shoulders on ETHUSD Inverted Head and Shoulders on ETHUSD is a classical chart pattern, located after a 160% rally (gain). Therefore, it might suggest a continuation. The premise As any trader should know, there are two types of an inverted head and shoulders pattern. The normal inverted head and shoulders pattern which always indicate a possible reversal. And a continuation inverted head and shoulders pattern which always indicate a possible continuation of the preceding move. Therefore, today we have a continuation inverted head and shoulders pattern. Inverted SHS pattern o ..read more

Daily Chart Trading after Five Months Daily chart trading after five months is a short resume of real time trading from January 1st 2020 until May 31st 2020 using only daily charts. A short recap Today is May 31st of 2020 and even if it’s not the end of the first semester, I think that it’s a good moment for an analysis of what happened, so far, this year. But, let me start with the beginning. I started the Capital Patterns tracking account on 31st January 2019. And I explained in this article Nine Months of EURUSD Intraday Trading how my first 9 months of trading this account went. Therefore ..read more

Weekly Market Overview May 31 Weekly Market Overview May 31 is the article in which you’ll find a PDF file with my updates for the next week. You’ll also find my current and past trades. Previous Weekly Market Overview Updates This is the seventh market overview issue that I’m publishing. So, you can find the first one here: Weekly Update 20 – 24 April 2020, the second one here: Weekly Market Overview April 26 the third one here: Weekly Market Overview May 03, the fourth one here: Weekly Market Overview May 10 the fifth one here: Weekly Market Overview May 17 and ..read more

Inverted Head and Shoulders on Nasdaq Inverted Head and Shoulders on Nasdaq is a classical chart pattern which is located at the end of a 32% drop. Therefore, it has bullish implications. The premise Let’s take a look at the daily chart of Nasdaq. We’ll see that there was an uptrend at the end of which we have a 32% drop. So, after this drop, the price morphed into an inverted head and shoulders pattern. As you can see, this is a very wide pattern, but that doesn’t change the facts. Inverted head and shoulders on Nasdaq daily chart detailHow did I trade the inverted head and shoulders pattern ..read more