February 9, 2015

  • ES Testing range resistance zone.
  • 4 Hour chart shows immediate support and resistance levels.
  • One hour falling below the cloud may lead to weakness.



  • The Bearish Pin Bar continues to work well. All crucial supports are getting violated.
  • Next crucial levels are the Golden ratio and the previous resistance zone which may act as support.
  • To protect the bull market they must stay above 200 SMA.
  • BEARISH PIN BAR - BANK NIFTY
-->

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