March 26, 2017

  • Google month chart shows a Big rising wedge pattern with False upper breakouts. If This month candle closes at the current levels or lower It could take price towards the support line of the pattern.
  • Daily has closed below 50 Day SMA. If price stays below this line it could lead to 200 Day SMA.
  • 4 Hour chart is testing the cloud. Closing below the cloud may increase bearishness further.
  • Google bulls need to get back above 50 Day SMA to avoid further weakness.


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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