March 18, 2014

  • Gold 4 hour chart and one hour chart shows support at cloud and golden ratio. Previous resistance level is also acting as support. 
  • If the cloud is held a bigger up move is possible.

  • ES Testing 200 Hour SMA and resistance line of one hour time frame. Bulls need to close above these levels to extend the bounce.
  • 4 Hour chart shows price trying to move back above the cloud again. A bigger up move if bulls are able to close back above the cloud.

  • Blackberry daily chart shows price near the Range support zone.
  • Price for now is trading below crucial moving averages like 50 and 200 Day SMA. 
  • Daily chart shows a Bullish Golden cross which needs price to move back above the moving averages for performing well.
  • ES Resistance levels


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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