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Al Brooks

  • Analysis & Opinion

Al Brooks's Opinion & Analysis
A complete archive of Al Brooks's articles, including current analysis & opinion.

On Friday, E-mini broke below the Nov. 10 low, which is the neckline of the Nov. 5/Nov. 22 double top. E-mini may form a monthly chart bear bar for November.  While Friday closed well below that...
Today so far is a bear inside day. Friday reversed up from a parabolic wedge sell climax over the past 7 bars on the daily chart. I have been saying that the EUR/USD pair has been in a support zone...
Last week, EUR/USD had consecutive big bear bars closing near their lows. Also, the 2 bars were a breakout (below a bear channel). Traders expected at least a small second leg sideways to down. The...
Yesterday was an outside up day, which is bullish. E-mini bulls want to test bull channel top on weekly chart at 4775. It barely closed back above the 4700 Big Round Number and just below the all-time...
After 5 strong days down for EUR/USD, there should be some minor profit taking soon for a few days.  Today so far is a reversal day. If today closes above its midpoint, it should lead to a few days of...
I have been writing regularly for a couple months that EUR/USD would probably have to fall below the Mar. 9, 2020 high. That is because it has been in a trading range for 7 years and when in a trading...
E-mini Retesting 4700
By Al Brooks - Nov 15, 2021
Strong reversal up on Friday after 5 consecutive bear bars. E-mini is testing the 4700 Big Round Number. The Nov. 5 top came from just below the top of the 15-month bull channel. Some traders believe...
Monday was a sell signal bar for a parabolic wedge reversal buy climax that was testing the top of the 6-month bull channel for the E-mini. Yesterday triggered the sell signal by breaking below...
EUR/USD is turning down from a double top bear flag with the Nov. 3 high. Three consecutive bull bars have been formed, so there's a lower probability we'll see a sell signal. The pair has been in a...
EUR/USD failed to break below its month-long trading range. It is now at its lower low double bottom with the Oct. 12 low. Once it hits the Oct. 29 number, it'll be a high 2 buy signal. The pair is...