February 17, 2013

DAILY CHART
4 HOUR CHART 
DAILY CHART
  • EURUSD Daily chart shows price testing 50 Day SMA.
  • Second chart is the 4 Hour time frame with price approaching a previous range and Golden Ratio.
  • Rising up trend lines in daily chart too may act as support for the coming week.
  • GLD WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
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  • SLV Daily chart shows price below the crucial 50 and 200 Day SMA and testing crucial swing lows.
  • Weekly chart with fib level shows price testing Golden ratio. Last fall to the G Ratio was followed by an up move. This time price is likely to break the support level.
  • Rising support line shown in weekly chart may stop a bigger correction from happening. 
  • GLD WEEKEND UPDATE
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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore