December 30, 2013
- First chart shows price nearing 50 Hour SMA. First signs of weakness if price starts to trade below this line. Second chart shows price giving bullish breakouts and trending above the Hourly cloud.
- Bears are hoping for the Setup in daily chart to work for starting a correction.
- FACEBOOK Bearish Weekly candle
- Bank Nifty Daily chart is about to do a Golden cross.
- Second chart shows the recent crosses which has given good price moves So the chance of a whipsaw happening is higher.
- Weekly chart looks overbought and testing golden ratio, 50 Week SMA. Price must stay above these levels for the bullish event to perform well.
- EURUSD Hits Monthly Resistance line
- BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME