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.
I posted some stock index charts on Tuesday but note little has changed over the last session. There are still technical patterns in play giving traders trend lines to watch for any momentum-based breakout.
Yesterday I Tweeted with suggested technical patterns on the major stock index charts as possibly being useful to gauge any potential breakout move however Monday’s last session was rather choppy and so no breakouts were triggered. I have noticed this morning though that there are larger patterns on the 4hr charts for these indices and so […]