Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns

Falling Wedge

Pattern Description:

The falling wedge is a bullish pattern consisting of lower highs and lower lows of diminishing magnitude. The pattern is confirmed when the falling resistance line is broken, which should be accompanied by a rise in volume. The pattern may falter if volume remains low at the breakout point.
Falling Wedge

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Elasticity Toolkit

The Elasticity toolkit was created to obtain maximum gains in both sideways and trending markets with minimum risk. Developed by Timothy Straiton, the system performs with incredible results in almost all equity markets with a daily periodicity. The Elasticity toolkit focuses on short-term market fluctuations and takes advantage of deviation or "elasticity" from the mean price. One could visualize the action of a rubber band being stretched and at the moment where the expansion loses momentum, a contraction takes place, forcing movement in the opposite direction. The Elasticity system opens a trade at the moment that deviation from the mean price loses momentum.

Featured Article

An Economy That Cannot Allow Stocks To Decline

by Charles Hugh Smith
An Economy That Cannot Allow Stocks To Decline Is Too Fragile To Survive Feast your eyes on the chart below of the Nasdaq 100 stock market Index, which is dominated by the six FAAMNG (rhymes with "famine") stocks: Facebook (NASDAQ:FB, Apple (NASDAQ:AAPL, Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Netflix (NASDAQ:NFLX) and Google (NASDAQ:GOOG) (NASDAQ:GOGL) which now account for over 20% of the entire U.S. stock market's capitalization. Notice that despite the global...

Technical Review

Euro / USD - Will 1.0546 hold?

2023-09-27 by TimStraiton

The current level at the time of writing is 1.0566 and trading below the falling 40 week moving average of 1.0823. The overall technical picture is bearish due in part to the interest differential in favour of the US$.

 A US government shutdown could however reverse the current negative trend. A weekly close below 1.0546 would open up further downside potential toward the Fibonacci 61.8% retracement from the top marked at 1.0277 based on the last 12 month trading range of .9690 to 1.1227.


Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.

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