King @zayn trying another higher high note & mastering it

can’t wait for Japan concert 

Bitcoin broke out to a higher high on Thursday. Bitcoin has broken the pattern of lower highs and lower lows and begun a new pattern of higher highs and higher lows. The expectation going forward is that pullbacks will be met with bull demand.

While stocks closed higher on the day … Stocks formed a daily swing high. This maybe nothing since stocks are in a daily uptrend that is printing higher highs. Stocks may simply be consolidating to allow the 10 day MA to catch up to price. But it is worth noting that a close below the May 1st high of 4186.92 would open the door to the possibility of a failed breakout is unfolding.

The Financials delivered a bullish signal on Thursday. The Financials formed a higher high and higher low back in December. The Financials formed another higher high on Thursday for consecutive higher highs. If the Financials can deliver some bullish follow through that will shift the odds that the bear market is over.

Stocks – Line In The Sand

Stocks printed and another higher high on Tuesday. The decline into the week 23 low did not come as a result of a failed daily cycle. The decline only caused stocks to close below the 10 week MA for 1 week and did not even turn the 10 week MA lower. So there are several criteria for an ICL that has not been satisfied. But I am not going to over-think this one. The week 23 low was the timing…

15 - Trading the London Session

Here, in this section, we shall discuss the London session. Just when the Asian markets are preparing to close their market, the European markets gear up to open their trading business. The London session opens at 3:00 AM EST (7:00 AM GMT) and closes after eight hours of intensive trading. There...

Dow Theory: Old but always Gold

Dow Theory forms the basis of modern day technical analysis. The whole theory is based on simple supply and demand pattern that arises in the market. Since the market discounts everything, dow theory becomes very important to find possible buy and sell zones. A technical chart with miminum of 2 years of data is needed to plot higher tops, higher bottoms, lower tops and lower bottoms. Dow theory…

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