November 15, 2015

  • Month chart shows bearish April month candle at the top followed by a correction. Now September month candle is a possible bullish one But if price falls below 107 levels bears will gain momentum again. 
  • Week chart shows a  bearish head and shoulders patter. Daily has a death cross and price has closed below 50 day SMA.


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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