April 25, 2016

 
 
  • Possible reversal pattern in one hour chart. Bullish if price moves above 200 Hour SMA and the falling resistance line.
  • Weakness below 2071 as shown in 4 Hour time frame. Bullish pattern shown in one hour will be negated if price stays below 2071 levels.
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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