Pages

CRUDE OIL Resistance level

  • Bulls of Crude oil should sustain above 94.63 levels for extending gains.
  • This level has given support many times as can be seen on the left side.
  • Breakout above this level may give 100 Levels for crude oil. Getting resisted here may attract selling.
Posted by San at 11:25 PM 0 comments
Labels: ,

SPX Hits 200 SMA

  • S&P 500 Hits its 200 Day Moving average.
  • For this up move to continue price should close above this level.
  • Getting resisted here may give a correction.
Posted by San at 7:05 PM 2 comments
Labels:

SILVER Resistance levels

  • Silver Resistance levels in weekly chart.
  • 50 Week sma and 50 % Fib retrace levels are at the same area. So this level will be tough to break for silver bulls.
  • ES NEGATIVE DIVERGENCE
Posted by San at 3:08 PM 0 comments
Labels: ,

ES Negative Divergence

CHART-II
CHART-I
  • ES Four hour is moving up with negative divergence.
  • Price and MACD is diverging. 
  • Price may hit the resistance line once more before the correction can start. A false spike above the resistance line is also possible.
  • Divergence need price confirmation before one can go short. So if price sustains above the resistance line then the divergence will vanish.
Posted by San at 10:55 AM 0 comments
Labels:

Falling Wedge of US Dollar

CHART-II
  • Wedge has broken the support line. Price is also staying below 200 Day SMA. Daily candles closing below 200 SMA will favor a bearish trade now.
CHART-I
  • US Dollar Four hour chart is forming a falling wedge pattern
  • Falling wedge is bullish reversal pattern So price need to break the falling resistance line for USD to move up which means Stocks might start to fall.
  • Price breaking the lower boundary will invalidate or reduced the credibility of this pattern.
Posted by San at 1:29 AM 0 comments
Labels:

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.