July 18, 2011

ES Triangle pattern

CHART-III
CHART-II
CHART-I
  • ES continue to move inside the triangle pattern.
  • Price has given a whipsaw on the downside and back into the triangle pattern.
  • Price continue to stay below the cloud which favors bears. But for bears price has to close the hour below 1302 level.
  • For bulls price has to break above the cloud and sustain above 1315.50 level.
  • BULL FLAG OF GBPUSD

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