- First chart is the apple daily chart with 50 day moving average. Price has violate 50 day moving average after many months. So the initial fall will be backed by some buying. If price manages to close below 50 dma things will favor bears.
- Hour chart too has violated the cloud in four hour time frame after a long time. If price manages to close below the cloud this too will favor bears.
- ES FIBONACCI LEVELS
Posted by San at 10:31 PM
ES WEEKLY CHART WITH FIB LEVELS
- ES Weekly chart shows price violating 23.6% level.
- If price makes a weekly close below this level We will see 1210 - 1220 level which is the 38.2% fib level in weekly chart.
- ES DAILY CHART ANALYSIS
Posted by San at 9:37 PM
Posted by San at 8:02 PM
Posted by San at 7:58 AM
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.