April 6, 2015

  • Crude oil 4 Hour chart has a bullish pattern.
  • Daily chart though is still inside the range. Any bullish attempt in 4 Hour must get a follow up in the Bigger time frame. for bulls of crude oil needs a daily close outside the range.

  • Apple hour chart shows triangle breakout.
  • 50 Day SMA continues to act as strong support.
  • 4 Hour is above the cloud. Bulls need a close above the 4 Hour cloud to extend this up move.


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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