Welcome to the video update for Monday, November the 22nd. My apologies for the delay but the problem has been identified and resolved. Lots of reports due out on Wednesday morning, markets are closed on Thursday for the US Thanksgiving holiday, and early closes on Friday so check the exchanges for specific info. First chart up is the monthly EUR/USD pair where we are watching closely to see where November closes. A close below 1.3618 would confirm a 9/30 short setup. The weekly and daily EUR/USD pair charts are also discussed.
In gold, price is still making higher highs and higher lows, but see what the MACD is suggesting.
Trader Rick discusses a 3 candlestick pattern on the weekly crude oil chart. Will the 80 level hold as support?
Last charts up are the ES starting with the weekly where a 3 candlestick pattern did not develop this past week. Note the 2 bar chart. The open on Monday will be important in terms of where we open.
Good trading!
Tags: 3 candlestick pattern, 9/30 Setup
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