The major stock indices I have on my 4hr MT4 charts are consolidating within 4hr chart triangles during this Easter week and amid various geo-political risk events; Syria, North Korea and the Turkish Referendum as just a few. All of these patterns offer a fair bit of room for ‘more of the same’ and I […]
Yesterday I posted charts of some of the major stock indices showing price action remaining range-bound in various triangle formations. That landscape has changed significantly following Tuesday’s trading session with all of the charts delivering triangle breakouts and the trend lines I had on these charts was most valuable in helping to track these breakout […]
Some of the major stock indices remain range-bound but this begs the question about when the breakout move might eventuate. I’ve got trend lines and the TC Trigger on my 4hr charts to help me evaluate any momentum-based breakout move.
Wednesday’s European and US trading sessions proved to be very productive for Forex trading as written up earlier today. It was also productive for trend line (TL) breakout trades from some of the stock index technical patterns that I had been stalking over recent weeks and the charts are shown below in this post. These breakouts […]
The stock indices I monitor remain range-bound in various consolidation-style patterns on their 4hr charts. The hope of course being IF the breakouts eventually arrive then the moves will be substantial. Here are how the 4hr charts are shaping up as I see them.