- Silver spike got resisted at 200 Day SMA. Price continues to stay above the triangle support line. Hope for silver bulls till price stays above the triangle support line.
- ES Descending broadening pattern breakout
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 18, 2015
SILVER Triangle update
Ascending Triangle of Reliance Industries
- Reliance bulls has managed to close above 200 Day SMA But price has run into a resistance zone between 940 - 950. This is the resistance line of a Bullish ascending triangle pattern. A bigger up move will be possible only if price close above 950 levels. Price is likely to stay inside the ascending triangle for some more time before a bigger breakout can happen. For now the upward momentum will be lost if price closes below 918 levels and Weakness will return if price closes below 200 Day SMA.
Subscribe to:
Posts (Atom)