April 10, 2015

  • Crude oil daily chart is above 100 SMA. For an attempt to break above the daily range price need to stay above 100 Day SMA.
  • 4 Hour chart is above a trend line. Bears need to stay below this for a correction towards range bottom to happen.

  • ES one hour has broken above the range resistance level.
  • 4 Hour chart shows price moving towards range top.
  • Larger time frames are likely to remain in range.


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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