April 27, 2016

  • Weekly chart shows support at 92 levels But it can go lower if price decides to test the Monthly up trend line. Month up trend line is around 89 levels approximately.
  • Daily chart shows the failures of bulls to cross the 200 SMA and all this while the death cross was in effect. 


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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