All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
This is a quick preview of a market analysis form our trading community. With an elite membership you can read some more market insights from the community and download the analysis chart templates as well as tools we using in our daily trading.
With that said, let's take a look on some HTF (Higher Time Frame) charts. On the weekly bars chart we can identify a strong close above the 50 EMA some weeks ago and since then we are one-time-framing higher. Last month's high got taken out from the current month as well. The short term trend with 5, 10 and 20 EMA is intact as well as the long term trend with the 50, 100 and 200 EMA.
This week found support at the previous week's VAL close level. The market moved back into value, tested the developing value low and pushed to the other side of extreme (DVAH). Currently we are balance around in the upper developing value with support from the weekly VWAP.
For more insights visit the Sunday Night Homework thread or the Top Down Technical Analysis category. As mentioned you have only access to this posts with an elite membership or premium membership.
To better understand the various trading terms like VWAP, VAL or HTF visit our trading glossary of trading terms.
Enjoy your success!
