December 21, 2016

  • ES bulls must hold above 50 period  SMA and rising support line to avoid a correction towards the range support zone.
  • Bears need price to stay below 50 Period SMA.
  • Staying above these levels a breakout above 2072 levels is possible.
  • GOLD Month charts
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  • Nifty one hour near crucial support zone of 8057. 
  • If the above mentioned level does not hold then price will slip below 8000 levels again.
  • 15 Minutes chart with cloud shows a trend. If price moves above the 15 Minutes cloud a reversal is possible from the Hourly support zone of 8057.
  • NIFTY Bearish pattern and Support 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