January 23, 2014

  • ES 4 Hour chart shows price near range support zone.
  • Price also testing 200 period SMA in Four hour time frame.
  • Last chart shows bearish price action from the contraction pattern. This breakdown will extend gains only on breaking below the above mentioned support levels.
  • EURUSD FALLING WEDGE BREAKOUT
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  • EURUSD 4 Hour chart shows price breakout from a falling wedge pattern.
  • Price need to stay above the cloud and 200 Period SMA Shown in chart 2 and 3 for a bigger up move to happen.
  • BLACKBERRY BREAKS ABOVE 200 DAY SMA
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  • Blackberry formed a bullish candle above 200 Day SMA.
  • Weekly chart shows immediate target or resistance at the falling resistance line from 18 levels.
  • If price moves above the resistance line it may fill the GAP between 12 and 14 levels shown in last chart.
  • IBM CHART ANALYSIS
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  • Crude oil daily chart shows the price testing 100 Day SMA.
  • 4 Hour chart shows price at the Golden ratio.
  • Price if closes above these levels may do a complete reversal towards 100 levels. Weakness at the above mentioned levels may attract selling towards 93 levels again.
  • ES ASCENDING TRIANGLE AND RANGE
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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