ES Ascending triangle and Range

• Upper breakout from range and Ascending triangle means continuation of the larger trend.
• For bears need price to break the rising support line and Range breakdown for a bigger fall to happen.
• Upper breakout can target 1860 plus levels. Breakdown from the range may take price towards 1800 levels.
• IBM CHART ANALYSIS

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Falling Wedge of EURUSD

• EURUSD Daily chart shows the Bullish falling wedge pattern.
• One hour chart shows price moving in a channel towards the resistance line of the wedge. Price is likely to get resist at the resistance line followed by a small correction and a breakout in favor of bulls from the falling wedge pattern.
• Hourly close above the cloud will confirm the breakout from the pattern.

BANK Nifty Chart update

 

 

• Bank nifty managed to close above 23.6% Fib level But yet to cross the 50 Day SMA which is crucial.
• Weekly chart shows price nearing the crucial weekly cloud which has been acting as resistance level in the recent past. Bulls must do a weekly cloud break for a bigger up move to happen.