November 12, 2015

  • Silver one hour chart shows a trending move. Week and Month chart shows price testing crucial support zone. Reversal if happens will be seen first in one hour chart. Silver bulls need price to move above hourly cloud first, Price if unable to move above hourly cloud will result in another technical breakdown in Silver.

  • ES 4 hour chart shows a head and shoulders pattern near resistance zone. Price is showing weakness at daily resistance zone. Bears need price to sustain below the 4 Hour cloud to extend weakness.


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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