The US 2000 index or the Russell 2000 Index has fired off a Bearish Engulfing Bar (BEEB) on the daily price action chart. This BEEB is up at the swing high and rejecting the major daily resistance area that as the daily chart shows below; has been a major daily resistance level in the past few weeks …
Price Action Charts in Focus
NZDUSD Breaks Out With Huge 4hr Engulfling Bar | 23rd Jan 2015
The NZDUSD has smashed out lower and through the tight daily range with a huge 4 hour Bearish Engulfing Bar (BEEB). The daily range that price had been contained within had seen price stalling and trading sideways for the previous few months before finally making a strong break lower inline with the …
NZDUSD Forms 4hr Inside Bar at Bottom of Daily Range | 21 Jan 2015
The NZDUSD has formed a 4 hour chart Inside Bar (IB) at the bottom of a major daily range where price has now been contained for the previous three months. As the daily chart shows below; price on the daily chart was previously in a strong down trend making clear lower lows, but price has since …
