My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 5, 2013
NETFLIX Chart analysis
- Netflix daily chart is trading below the range.
- Price is also trading below 50 Day SMA.
- Weekly chart shows price getting ready for a big bearish engulfing pattern pending today's close. Weekly MACD too is getting ready for a sell signal.
- ES CHANNEL BREAKDOWN
ES Chart update
- ES Hour chart shows a range between 23.6% and 50% Close outside this range may give good direction.
- Bulls need to break above the hourly cloud for a possible up move to start.
- Last chart shows the channel formation in 4 Hour time frame. Bulls are at the channel support line. For bears need a channel breakdown.
- CRUDE OIL TRIANGLE UPDATED
FORD Chart analysis
- Ford chart showing potential bearish setup.
- Price is testing 100 Day SMA. Daily close below this level may extend the correction.
- Weekly chart shows price testing 20 Week SMA. Weekly close below this level may lead to the rising support line. Trend line break will be followed by an extended fall.
- Bulls need to protect 100 Day and 20 Week SMA.
- CRUDE OIL TRIANGLE UPDATED
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