- 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
March 15, 2011
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