June Lean Hogs opened sharply lower, leaving a gap and trading below the prior swing low and downward trending median line. The price action confirms overall technical weakness in the market and portends further downside pressure into the June 2, 2011 and June 6, 2011 projected reversal dates. The action-reaction projection also show a projected… read more
Tag Archives: price action
Currencies review – swing trading strategies, swing trade signals, action reaction.
Currencies are all trading under pressure from a higher dollar. The dollar is trading higher, after breaking out of a bullish reaction swing chart pattern that portends a continuation of this price advance into the May 26th reversal date. The British pound, Canadian dollar, and the Australian dollar remain bearish due to negative price action… read more
Swing Trading strategies – July Wheat sets up for new price move. – swing trade signals, price action, action reaction, reversal dates
July Wheat competed a downward trending 5-wave continuation pattern between the April 25, 2011 and May 12, 2o11 reversal dates, with a pivot low at $7.23. The market tested the lower parallel line support on the May 12th reversal date and turned higher. The pivot low was followed by a strong two and half day… read more
Market Alert! – June Eurocurrency turns lower by short-term reversal bar. [chart] swing trading strategies, swing trading signals, action reaction., market timing
TMV Swing Trade report – Long June Eurocurrency @ 1.4239 – The euro traded above the prior high at 1.4337, (basis the 60-minute chart) as it reached a projected reversal bar. The reversal bar turned the market lower and peg-leg pattern. Time to exit the long position at the market.… read more
Trade Alert! – Short Lean Hogs approaching target objective! Swing Trade Strategies, swing trade signals, action reaction, market timing,
TMV Swing Trade report – Short June Hogs @ 93.70 – current price @ 92.05 – The market tested the downward sloping median line,early in the trading session. The median line will most likely act as support from where the market may rebound. It is time to exit the short Lean hog position at 91.70… read more
Trade Alert! – July Sugar setting up for price advance! – swing trading strategies, swing trade signals, price action, action reaction, market timing. [chart]
July Sugar is forming a bullish complex reaction swing, with a peg-leg pattern, on the 60-minute chart. A trade above 22.05 is needed to confirm the new pattern. If confirmed, the price pattern portends quick price advance toward 23.50.… read more
Market Alert – Bottoming action setting up buying opportunity in Eurocurrency! – Swing trading strategy, price action, reversal dates, swing trade signals, action reaction.
June Eurocurrency – The daily charts shows the market has tested and rallied off the lower parallel line and could be setting up for a new bullish swing trading opportunity. The parallel line represents a long-term support and could prove to be significant over the next few weeks. Adding to the potential bullish price action,… read more
Trade Alert! Sugar turns lower on projected reversal date! – swing trading strategies, swing trade signals, action reaction, price action, market timing, [chart]
July Sugar traded higher, into the May 13, 2011 reversal date, and failed at the 20-day EMA. The price action portends a resumption of the downward trend. This is a selling opportunity with a stop loss above today’s high.… read more
Reversal dates for the week May 16 through May 20. – Swing trading strategies, swing trade signals, action reaction, price action, market timing
Monday – May 16, 2011 – Soybeans Tuesday – May 17, 2011 – RBOB gasoline, Silver, Copper, Treasury Bonds Wednesday – May 18, 2011 – Soy meal, Bean oil, Swiss franc Thursday – May 19, 2011 – Cotton Friday – May 20, 2011 For more information about reversal dates go to www.tradersnetwork.com… read more
Market Alert! Gold turns lower after projected reversal date! swing trading strategies, action reaction, trading in futures, market timing [chart]
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