jhannellefrancis

jhannellefrancis

11/03/24 - 15/03/24 Welcome to another weekly analyses idea. As my title states: The Bears Taking Over . So what are my reasons for this? Going back to Fri Feb 23, new historical highs were created at 39281.9 at 10:00AM EST. 2 weeks later and price has failed to break those highs or even come close to it. Instead we have been on a downtrend ever since...

jhannellefrancis

11/03/24 - 15/03/24 Welcome to another weekly analyses idea. Last Friday (March 8th) the week ended with new historical highs. However we did not see our typical bullish rally that has played out before on a Friday to confirm strength of the bulls. Instead, new historical highs were created just 400 PIPs above the previous high which was then strongly...

jhannellefrancis

Weekly Analyses: 03/04 - 03/08 Monday London Session Lows Following the bullish rally last Friday (03/01), NAS ended the week at ATHs. Using the 1H fibs on my chart, these ATHs were at the -61.80% fib extension level at 18331.2. Afterwhich, price was met with rejection signalling a 15min HL at 18282.9. As I mentioned in my previous posts, the bearish...

jhannellefrancis

Every week price makes its highest and lowest point. Each week is marked off by grey vertical lines. For the week of 02/26 - 03/01 the highs and lows of the week were: 39111.3 - 38726.2 . On Friday Feb 23 2024, price broke ATHs creating a new historical high point at 39280.3 . This is what I call the "Zig Impulse Candle" which is often identified by a strong...