Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
January 29, 2015
GOLD Weakness at Key resistance levels
Weakness in weekly chart at 100 Week SMA
More weakness if 200 Day sma is broken
4 Hour chart is showing a possible Topping pattern. Bulls need to get back above this pattern to avoid bigger falls.
S&P 500 Futures Testing support levels
ES Daily testing 200 SMA again
For Bulls of ES The support levels shown in 4 Hour chart needs to be held.
One hour is trending below the cloud.
Bank Nifty Bearish PIN BAR
Bank nifty Month chart yet to show any weakness.
Weekly chart has been diverging for quite sometime without any meaningful correction
Daily chart has given a Pin Bar Reversal candle which may be the start of a correction. This candlestick pattern needs to be confirmed with bearish price action.
Newer Posts
Older Posts
Home
Subscribe to:
Posts (Atom)