January 26, 2017

  • Crude oil in a narrow range between 52 and 53 levels.
  • Bullish breakout can target 54 and 55 plus levels.
  • Below 52 price may test 50 levels.
  • GOLD Bearish price action

  • Gold has fallen below 4 Hour cloud and 100 Period SMA. 
  • Gold bears need the current candle to close at the lows or at the current levels to confirm bearish structure.
  • Staying below the cloud and 100 SMA possible targets on the downside are 1185 and 1164. Only if price moves back above the cloud this scenario will change. 
  • TESLA Monthly Tops and Weekly resistance line

  • Second chart shows the triangle breakout and the strong follow up price action. For now a retest towards 2278 levels will be fine for bulls to resume the Up move. Weakness will be seen if price falls back below 2278 and back into the triangle pattern 
  • First chart shows the strong trend in place in 15 Minutes time frame. This Move is safe till it stays above the cloud.
  • TESLA Monthly Tops and Weekly resistance line
  • Tesla Month time frame shows price moving into a historic resistance zone. But price is not showing any weakness yet. The January Month candle continues to look strong. 
  • Weekly chart shows price nearing resistance lines. Price yet to hit this line.
  • The first signs of Weakness will be visible in Hourly time frame when price moves below the cloud in this time frame. For the Now though the Hourly Bullish trend is in full force and will continue to do so till price stay above Hourly cloud.
  • ES Month, 4 Hour and 30 Minute charts


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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