September 9, 2015

  • Both weekly and daily clouds acting as resistance. For a minor relief for silver bulls price need to move above the daily cloud. 

  • Gold weekly up move got resisted at the falling resistance line.
  • Price action suggests a likely test of the recent lows again.

  • Tata Motors Month chart shows 6 bearish candles in a row and the 7th one is not yet showing any confidence for bulls yet.
  • Daily chart shows the perfect trending move.  for a reversal to happen price need to stay above the daily cloud


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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