February 4, 2011

  • ES Four hour chart with Broadening pattern.
  • Price has hit the resistance line and is finding it tough to stay above the resistance line.
  • Up move will continue only if price break above the resistance line and sustain above it. Staying below this line can trigger a correction.
  • GOLD TRIANGLE BREAKOUT

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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore