The recent corrective rebound in Gold has reached a confluence of overhead resistance where the upward sloping parallel line intersects with the downward sloping reaction line. Gold rally was cut short at the reaction line and is currently trading below the prior day’s low. This price action is confirming the projected reaction swing and portends… read more
Tag Archives: Reversal dates
TMV Swing Trade Report update – British pound jumps sharply overnight – swing trading strategies, swing trade signals, action reaction, trading in futures
TMV Swing Trading Report – Long June British pound @ 1.6380 The British pound jumped sharply overnight as the Bank of England raised it’s inflation forecasts for the quarterly report. The report projected inflation to hit 5% in 2011 and stay well above the early target of 2% throughout 2012. … read more
Reversal date summary for 5/11/11 – Swing trading strategies, swing trade signals, action reaction, trading in futures, reversal dates
The only reversal date for Wednesday May 11, 2011 is in the July Corn. July Corn bounced off support provided by the lower upward sloping parallel line and close higher on the two following trading sessions. This price action has formed a potentially bearish reaction swing that, if confirmed, portends a new decline into the… read more
Crude setting up for reversal date – swing trading strategies, swing trade signals, action reaction, trading futures
June Crude oil – Crude oil traded to a new high (114.83) on May 2, 2011 before closing lower than the opening price. The new high was posted one day after the May 1, 2011 projected reversal date (using the April 8, 2011 to April 12, 2011 reaction swing). The lower close on the day… read more
Reversal date summary for 5/10/11 – Swing trading strategies, swing trades, action reaction, market timing, trading in futures, commodity trading
Reversal dates to watch today – Heating oil – The market continues the corrective rebound from last week’s sell off. The major sell window begins at 3.0847. A rebound into the sell window would set the stage for further decline. Dow Jones – Market is showing strength as it moves off the ascending median line.… read more
TMV Swing Trading Report – Trade Alert! Lean Hogs setting up new sell opportunity – Swing trading Strategies, swing trade signals, action reaction
TMV Swing Trading Report Trade Alert June Lean Hogs – Lean Hogs have been in a sustained downward trend after TR pattern sell confirmation on April 21, 2011. The market had posted eight days of lower closes as it traded into the May 3rd reversal date, where it began to form a new reaction swing… read more
Eurocurrency approaching reaction line support – Swing trading strategies, swing trading signals, futures trading, trading in futures, action reaction
The decline in the euro stalled for a short time overnight after rumors of Greece exiting the Eurozone were denied. by Greece and Germany over the weekend. However, the corrective bounce was short-lived as broke through the upward sloping reaction line it had been following since late Friday. This last downswing (basis the 60-minute chart)… read more
Reversal date for the week of May 9 through May 13. Swing trading strategies, swing trading, action reaction, futures trading, commodity trading, market timing, price action
Monday – May 9, 2011 – Silver, Gold, Copper, British pound, Coffee Tuesday – May 10, 2011 – Heating oil, Dow Jones, Canadian dollar Wednesday – May 11, 2011 – Corn, Crude oil Thursday – May 12, 2011 – Bean oil, Eurocurrency Friday – May 13, 2011 – Wheat, Sugar For more information about… read more
TR pattern triggers buy for Crude oil! swing trading strategies, swing trading, action reaction, trading futures, trading in futures.
Bullish A-B pattern has formed on the 60-minute Crude oil chart. This price pattern marks the beginning of a bullish TR pattern and triggered a buy for the June Crude oil. The reverse/forward counts suggests the corrective rebound could continue into Sunday evening.… read more
Silver has completed bearish cycle and due for rebound. Swing Trading Strategies, swing trade signals, action reaction, trading in futures, commodity trading, trade futures
July Silver has completed the bearish reaction cycle on the 60-minute chart. The market has reached the downside target objective and is currently forming a bullish A-B pattern (peg-leg) bottoming pattern. For current recommendations contact your account representative at Traders Network.… read more