September 9, 2011

APPLE Near Resistance line

  • AAPL four hour chart and 5 Minutes chart.
  • Price is pausing near resistance line of four hour time frame.
  • Breakdown from the channel shown in 5 Minutes may give a good short trade.
  • Breakout above the channel should stay above the resistance line in four hour chart. So long trade does not favor good risk reward ratio. So one may try to go short if channel support line gives a breakdown.
  • CRUDE OIL FALLING FROM RESISTANCE LINE
  • US DOLLAR BREAKOUT ABOVE 200 SMA
  • ES TRIANGLE PATTERN

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