November 14, 2015

  • One hour chart shows price below cloud. Daily chart shows price testing crucial swing low. A reversal in daily chart can be first seen in Hourly chart if price starts to trade above the cloud.
  • Week shows price making new lows. Twice in the recent past price did give a bounce from the swing lows before making new lows, 


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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