February 27, 2013

ES Resistance levels

  • First chart the 4 Hour time frame shows price getting resisted at 200 period SMA.
  • One hour chart shows the resistance at previous support level and Fib level shows the same at 38.2% Fib level.
  • 4 Hour close above 200 period SMA should lead to a bigger pullback. Testing the lows could lead to an extension of the fall.
  • GBPUSD CHART ANALYSIS
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