October 26, 2013

  • Facebook Daily chart has given another bearish engulfing pattern. Correction started with the first Bearish Engulfing pattern. For the next pattern to work well price must break crucial support zone around 51 and a daily close below 20 Day SMA should give an extended fall.
  • CRUDE OIL Weekend update
  • ES Ascending Triangle
  • Crude oil weekly chart shows price taking support at the triangle resistance line. 
  • Bounce also coincides with the golden ratio shown in weekly chart.
  • Daily chart shows Pin Bar candlestick which may give a bounce towards 23.6% Fib level.
  • ES Ascending Triangle breakout


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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