March 1, 2015

  • TESLA Bulls is struggling to cope with the Bearish Head and shoulders breakdown. Price also continues to stay below 200 and 50 Day SMA.
  • For bullish moves to happen price needs to move above the channel shown in first chart. As long as price stays in the channel it is likely to give new lows.
  • Facebook bearish engulfing and Target levels

  • Although Month candle shows a pause It cannot confirm a reversal yet. As price is moving in a range in weekly chart and Daily chart shows price below the cloud. For Bulls of Crude oil price must sustain above the daily cloud for a bigger bounce to happen. Threats of further bigger fall exists on price breaking below the weekly range.
  • Facebook bearish engulfing and Target levels


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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