January 25, 2011

  • QQQQ Hour chart with Fibonacci levels.
  • Price is getting resisted near 56.45.
  • Resistance is near the 50% Fibonacci level in hour chart.
S&P 500 FUTURES HOUR CHART
ES DAILY CHART
  • ES Hour chart is showing a diamond pattern which looks bearish for now.
  • Daily chart is still trading above the supporting trend line. So weakness can sustain only if the trend line in daily chart gets violated.
  • Up trend will continue if the resistance line gets broken
  • EURUSD NEAR GOLDEN RATIO

  • Tata motors daily chart is showing a consolidation triangle pattern.
  • Levels to watch out on a breakout from triangle pattern are 1209 and 1155 another support level is 1140.
  • Breakout above 1209 may find resistance at the 50 DMA.
  • CRUDE OIL WEEKLY CHART ANALYSIS
  • EURUSD pair is in retrace mode for its fall from 1.42 level to 1.28 area.
  • price has crossed the 50% retrace area and may hit the golden ratio around 1.3740 level.
  • 1.3740 level is a price pivot zone so this may act as resistance for some time.
  • CRUDE OIL WEEKLY CHART ANALYSIS

Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

My Favourite Quote

"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