June 24, 2015


  • Daily chart shows price moving above the resistance line. Bulls need a close above this line. But the last One hour time frame shows weakness at top. Price need to sustain above 200 Hour SMA For bigger up moves to happen. For now bulls seems to loose momentum. Sustaining above the hourly cloud will keep the bulls interested.



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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