February 27, 2014


  • Apple Hour chart shows the fall pausing at Golden ratio.
  • Price must trade above the 30 Minutes cloud for a bigger up move to happen.
  • Hour chart shows price trading below 200 Hour SMA. 



  • ES one hour has fallen below 200 Hour SMA.
  • Four hour chart shows possible support at the cloud which may save bulls from a bigger fall.
  • QQQ ANALYSIS AFTER CLOSING BELL
-->

  • Blackberry shows a bearish engulfing pattern near recent swing High. If price starts to trade below 10.21 this can also act as a Double top pattern. Setup may not give bigger gains for bears as price staying above 200 Day SMA. 
  • Bearish view will be invalid if price close above 10.85. Bullish inverted head and shoulders can also play out if price stays above 200 Day SMA. 
  • QQQ ANALYSIS AFTER CLOSING BELL
-->




  • The broadening pattern of QQQ discussed in an earlier post continue to be valid..
  • The Daily MACD is showing bearish alignment But needs price to close below the range for confirming weakness.
  • GOLD CHART ANALYSIS
-->

Disclaimer

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.

Followers

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