Welcome to the video update for Monday, June 21st. In this video update, Trader Rick talks about 3 things on the EUR/USD weekly chart that gets his attention. See what they are. On the daily EUR/USD chart, see what often happens after a descending triangle in an extended run.
Next chart up is the weekly Canada chart and after holding support at the 9212 level, what is next? Don’t forget, the dragon pattern on the weekly chart remains in play.
Gold made a new high this past week, closing above the $1250 level. What is the next target to the upside?
Trader Rick goes over the weekly and daily crude charts. Be sure to check out the quick quiz on the daily chart!
Moving to the stock indexes, first chart is the Dow weekly chart where price broke out of a trading range this past week. See what Trader Rick expects next. If you trade the YM or the ES be sure to watch this video update for important trading information.
Good trading!