January 14, 2017

  • First chart is the weekly time frame which shows the breakout and the Lack of upward momentum for bulls. 
  • 4 Hour chart shows crucial support levels for the coming week.
  • Daily is staying above 50 Day SMA. Bigger weakness if price falls below 50 Day SMA.
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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