- First chart of 4 hour time frame shows the larger contraction of crude oil in a triangle pattern. Second chart shows a smaller contraction within the larger one.
September 13, 2016
- Bulls managed to keep price above 50 Day SMA for now.
- Month chart shown with its upper shadow which is crucial for bears to protect. Price moving above 8793 will fade this upper shadow.
- The bearish PIN in weekly chart will remain intact if the up move stays below the shadow of the candle. Any move into the candles upper shadow will reduce the significance of the candle.
- NIFTY Trend update