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.


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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