August 8, 2015

  • Apple daily continues to stay below 200 Day SMA.
  • Weekly chart of apple shows price testing the cloud. Weekly trend will be in trouble only if price breaks below the cloud.
  • Next possible support zone is between 103 and 104 levels as shown in last chart.
  • CRUDE Oil trend update

  • Silver month and weekly chart shows price holding onto crucial support zone. Daily chart is shown with a falling resistance line which is the immediate resistance line. Price closing above this falling resistance line may give a reversal or a bounce for silver from the current levels. On the contrary silver bulls will be in bigger trouble if the weekly support zone goes.
  • EURUSD Descending Triangle

  • EURUSD Continues to stay below 200 SMA and daily cloud. Daily pattern is also doing a bearish descending triangle pattern. If the cloud resistance is not broken a descending triangle breakdown is likely to happen.
  • CRUDE Oil trend update


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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