December 28, 2013

  • Weekly candle looks like a Gravestone Doji. The candlestick lacks perfection because of the small lower shadow still it looks bearish.
  • Daily MACD is showing bearish alignment. Price is approaching crucial support lines and 23.6% Fib level. These support levels should break for the bearish scenario to play out.
  • EURUSD Hits Monthly Resistance line


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