The weekly chart shows that the
The daily chart stochastics is indicating that the market is overextended to the upside. Plus,
Then the 360-minute chart (6-hour chart) shows that price is testing the prior high and formed a bearish intent bar – indicating a potential move to the downside. Instead of making new highs in the stochastics (with price), a lower high was made. A lower high was also formed on the ADX and a magenta dot plotted to indicate that price should seek a support area (typically the ATR area).
The combination of these three charts indicates a move down is likely at the beginning of the week. Going down in time to the lower time frames, a trader could confirm a downward move and then enter using either the futures contracts or the Nadex Touch Brackets. Gail does a video review of other markets, including the
Free Webinar on Monday at 8 am New York time
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