December 27, 2013

  • EURUSD Testing the resistance lines in Month and Weekly time frames.
  • Bullishness for the pair only on a weekly and Monthly close above these lines. For now price is getting rejected at these resistance lines. Bearish weekly close may confirm weakness for the pair.
  • SILVER Support and Resistance levels
  • Silver daily and 4 hour chart near crucial resistance levels.
  • Silver bulls need a daily close above 23.6% Fib level which may extend the current up move.
  • SILVER Ascending Triangle

  • ES Daily chart shows price testing a possible resistance line. 
  • 30 Minutes chart shows price trending up above the cloud. Weakness in this time frame only if price starts to trade below the cloud.
  • FORD Chart analysis


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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