September 10, 2011

  • From head and shoulders pattern in hourly chart to weekly candle closing below 100 week SMA everything is pointing towards a bearish week ahead.
  • Hope for bulls is to hold on to the support line in daily chart or the hourly head and shoulders pattern gets failed.
  • US DOLLAR BREAKOUT
  • ASCENDING TRIANGLE OF GOLD
  • SILVER TRIANGLE PATTERN
  • SILVER is still inside the consolidation pattern.
  • But an explosive move awaits silver. Breaking below 50 DAY SMA can give good correction
  • Breaking above the resistance lien can give good up move.
  • ASCENDING TRIANGLE OF GOLD
  • US DOLLAR BREAKOUT

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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