- ES 4 Hour chart testing 100 period SMA.
- Price at a possible horizontal resistance level.
- Daily chart shows price testing 20 Day SMA.
- FORD MOTOR IHNS PATTERN
November 1, 2012
- Nifty has to sustain below the range for a possible hit at 50 Day SMA.
- Price has fallen below the golden ratio. Weekly close below this level will favor bears.
- Daily chart trying to hold above 38.2% Fib level. More correction on breaking this level.
- A bigger fall only if 50 SMA and the up trend line of last chart does not
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