February 17, 2016

  • ES Weekly chart shows price moving up from support zone to resistance level near 1945. Bulls must cross this zone for a bigger bounce towards the WEEKLY ARC

  • If the down trend in daily chart extend beyond 13800 price could fall towards the levels shown in Month chart.
  • Previous resistance levels near 13300 and Golden ratio at 13100 levels may act as support.
  • Immediate support and resistance levels as shown in daily chart


All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.


Blog Archive

Powered by Blogger.

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