February 8, 2020 admin

Weekly Wrap-up #6

Hello traders,
We’re bringing you this week’s Market Outlook, Technical Analysis of assets favored by our trading algo as well as the latest Money Talks article.

GLD – Double top formation

GLD was spotted on the AlphaOverBeta radar as forming (Asymmetric) double top bearish formation, this usually means that the next move is to the downside, a possible bearish move for the short term.
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February 03, 2020

The S&P500 index was down -2.1% last week and closed at 3225.5, mostly due to Coronavirus fears, market beeing overbought and other, less significant factors, such as the Brexit.

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Risk Management

We deliver a recorded webinar on how to practically use the most out of our Risk Calculator tool when managing your risk on making trades.

Learn how to limit the maximum loss of each and every trade before you issue the order to the broker

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