February 25, 2015

  • Crude oil one hour chart shows a descending triangle with a false breakdown.
  • 4 Hour chart shows crucial support levels. More weakness if these levels are broken on closing basis.

  • Gold 4 hour chart shows price falling in a channel.
  • 4 Hour cloud is the Immediate resistance level in this time frame.
  • Price in Daily chart is trying to stay above the golden ratio. If this level is not saved then bigger falls are possible. 


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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