US-China Finalizing Phase One of Trade Deal - Will We See New Highs?

In the news, U.S. and Chinese officials are “close to finalizing” some parts of a trade agreement after high-level telephone discussions on Friday, the U.S. Trade Representative’s office and China’s Commerce Ministry said. This seems…

Bitcoin Spikes up $2500 in One Day - Any Reasons Why?

Yesterday, we saw an incredible spike in Bitcoin of close to $2500, which is 40+% move. Even though price has corrected slightly, it is currently still up by about 30% from its recent lows. Although no one really knows the reason for…

Tesla Shares Spike 21% on Earnings Surprise

Tesla recently posted a cash balance increase to $5.3 billion and reported a profit of $1.86 per share, shattering analyst expectations for a loss of 42 cents per share. Elon Musk promised a 2020 rollout of a cheaper SUV and more self-driving…

Top 3 Reasons Why Price Action is Chosen by Professional Traders

This article is going to be a little longer than usual, as I endeavor to make a balanced view about exactly why price action is preferred in the marketplace. If you're keen to expand your mind, deepen your knowledge, or simply learn something…

Bitcoin - Breakdown from Triangle Pattern!

After months of consolidation, Bitcoin has broken down from its triangle consolidation price pattern. The interesting thing is that if you look carefully you will see both a symmetrical triangle (neutral) and a descending triangle (bearish),…

Oil Prices Spike After Attack on Saudi Arabia Facilities

Yesterday, oil prices spiked after crude oil facilities located in Saudi Arabia was attacked by terrorists, shutting down up to 5% of global crude oil output. This was a large 10-20% move in prices, and was an easy trade to ride on the trend…