November 28, 2016

 
 
  • Month candle shows bearish price action. But bulls are seeing some relief in the Lower shadow of the Month candle. with 3 days to go if those are bullish days, the Month candle will look much better for FB Bulls.
  • Weekly chart shows price violating 50 SMA and moving back above it. Bulls unable to do a weekly close below this line.
  • In daily chart immediate support at 200 SMA. FB Bears need to break this line again to resume bigger correction. For bulls the resistance is at 50 Day SMA.
  • CRUDE OIL Weekend update
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"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."
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