July 7, 2015

  • Bidu got resisted at the falling resistance line. More weakness if price does not hold on to the support zone shown in chart 1. Weekly chart has a Descending triangle and head and shoulders pattern which could become active again if price does not hold on to the support zone shown in daily chart.
  • Resistance line of bidu was discussed in a recent post: BIDU RESISTANCE LINE


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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