December 24, 2013

  • Cat daily chart shows price breaking resistance levels. Next resistance at 90.69. 
  • Weekly chart shows price violating the Weekly ichimoku cloud and 50% Fib level. Bulls need a weekly close above these levels to extend the current up move.
  • BLACKBERRY Falling wedge pattern

  • If Price gives a bearish candle at the resistance line then combining with the negative divergence Dow Jones may give a small pullback for bears.
  • BLACKBERRY Falling wedge pattern


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.


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