November 4, 2013


  • EURUSD Reverses towards the breakout area. If these levels are held another bounce towards the recent high's are possible.
  • Bullish HAMMER of GROUPON
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  • Crucial support levels for apple from 509 - 513 levels. Closing below 20 Day SMA and the rising support line shown in first chart will strengthen bears of Apple.
  • Price is yet to recover from the bearishness of the Big Engulfing pattern formed on 29th October.
  • IWM Weekend update
  • HAMMER Candlestick of GROUPON
  • INTEL Shooting Star Candlestick pattern
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  • Gold one hour and four hour charts with crucial resistance levels. Sustaining above these levels on closing basis may result in a bigger bounce in gold.
  • FACEBOOK Weekend update
  • ES Chart update
  • INTEL Shooting Star Candlestick pattern
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  • ES one hour chart shows price getting resisted at the hourly cloud. Closing above the hourly cloud may lead to a bigger up move.
  • For bears of ES price need to sustain below 200 Hour SMA. For a bigger fall price must break below the 4 Hour cloud shown in the last chart.
  • FACEBOOK Weekend update
  • IWM Weekend update
  • INTEL Shooting Star Candlestick pattern
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  • Weekly candle of Ford shows bearish price action. Price is testing 20 Week SMA. Current fall will extend if price starts to trade below 20 Week SMA.
  • Daily chart is also testing support levels like 100 Day SMA and up trend line. If these levels break on closing basis ford may given an extended correction.
  • IWM Weekend update
  • INTEL Shooting Star Candlestick pattern
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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