- Apple week need a close above 20 Week SMA.
- Daily chart too is trying to stay above 100 Day SMA.
- Price staying above the daily cloud after a long gap is good for bulls But for the trend to change price must trade above 465 - 469 zone and 484 levels.
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FACEBOOK RESISTANCE LEVELS
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- ES four hour chart show price moving towards the resistance line of the triangle pattern.
- Price nearing crucial Fib levels.
- Price trying to stay above hourly cloud need to break above the resistance line for a bigger up move to happen.
- Facebook one hour chart shows price testing 50 Hour SMA.
- Price also near 23.6% Fib level. Violating these two levels may lead to the hourly cloud. Sustaining below the cloud may resume the fall.
- GOLD Four hour shows an ascending triangle breakout.
- Resistance levels with fib levels looks good for bears as price is approaching Golden ratio.
- If fib resistance levels are broken price may target the support resistance lines shown in daily time frame.
- Crude oil near range bottom.
- Support at 92.13 if not held could lead to 50% Fib level and 200 Day SMA.
- Crucial support levels 20 Day SMA and 23.6% Fib level.
- Week is testing 5 Week High EMA (6111). Moving back above this level on weekly closing basis will help bulls to resume the up move.
- Facebook One hour chart shows price giving new lows.
- Price moving down in a channel. Price near channel support line which may give an oversold bounce.
- Major resistance will be the hourly cloud. Prevailing trend will become weak only on trading above the cloud.
- Google four hour chart shows support at 50 period SMA and 38.2% Fib level.
- One hour chart shows Hourly cloud as resistance. Strength only on price moving back above hourly cloud.
- ES Trading below 4 Hour Ichimoku cloud.
- Price testing 100 Period SMA.
- Bears of ES will be stronger once price starts to trade below 100 period SMA and 1629 - 1633 support zone.
- Tata Steel nearing range top in daily chart.
- Price also near 23.6% Fib level near 329 levels and Testing 5 Week High EMA at the current levels.
- Price need to to a convincing close above 330 levels for a bigger up move to follow. Any weakness in daily chart could lead to a sell towards range bottom.
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- Apple one hour chart shows up trend lines and Ichimoku cloud as Immediate support levels.
- 100 Hour SMA is acting as immediate resistance levels.
- APPLE IN A DIAMOND PATTERN
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- Gold four hour chart shows a bullish ascending triangle pattern.
- Price is getting resisted at 38.2% Fib level as shown in the second chart.
- Last chart shows crucial support levels below which the bullish view will be negated. Weakness below 1375 and 1354.
- APPLE IN A DIAMOND PATTERN
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- ES Moves back above crucial moving averages and cloud.
- There is hope for bears in the golden ratio. Price sustaining above this level weaken ES Bears further.
- APPLE IN A DIAMOND PATTERN
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- Tata motors futures hour charts with resistance at 38.2% Fib level and 50 Hour SMA.
- Support at 1 Hour cloud. Hour closing below the cloud will be negative.
- For the up move to continue hour must close above 50 Hour SMA and 38.2% Fib level.
- NIFTY Daily chart shows price taking support at 38.2% Fib level and closing the day back above 23.6% Fib level.
- Hourly chart shows possibility of a head and shoulders pattern which will work only if this up move is limited to 6115 - 6120 levels, Anything above that may lead to 6229 levels for a range bound move as shown in last chart.
- IWM Daily chart shows crucial support at 96.51 and 20 Day SMA.
- Weekly chart has given a bearish weekly candle but the trend will turn weak only if price starts to trade below 94.96 and 23.6% Fibonacci level.
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APPLE IN A DIAMOND PATTERN
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- ES Four hour chart shows 100 Period SMA and Ichimoku cloud as support levels.
- One hour chart shows 100 Period SMA as resistance.
- Price breaking the above mentioned levels on closing basis may lead to bigger moves.
- APPLE IN A DIAMOND PATTERN
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