April 26, 2014


  • Week and Daily charts candlesticks are showing some bearishness. Both these patterns need confirmation with follow up candles.
  • Weakness can extend if daily starts to close below 20 Day SMA. Rising up trend line shown in last chart is also crucial for bulls to hold above.




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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