August 24, 2012

ES Chart update

 
 
  • First chart shows price getting out of the rising wedge pattern.
  • Next chart shows price breaking below the 4 Hour cloud.
  • Now 20 day SMA is getting tested. Daily close below this level will favor bears to extend gains. If price close at these levels or lower It will give a bearish engulfing pattern.
  • FACEBOOK CHART ANALYSIS

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