December 2, 2013


  • Gold 4 hour chart shows price making another low. 4 Hour cloud is acting as stiff resistance.
  • Daily chart has violated 78.6% Fib level. Daily close below 78.6% Fib level will strengthen gold bears further.
  • ES one hour is trading below 100 Hour SMA.
  • 4 Hour charts are approaching crucial support lines as shown in second chart. 
  • The 4 hour cloud may also act as strong support level. Support levels in 4 hour time frame must break for a bigger fall to happen.
  • APPLE Weekend update
-->

Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

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