April 20, 2017

  • Bears managed to close below 50 Day SMA. If price sustains here then next target could be the 200 SMA around 49 levels. 
  • Hour chart need to stay below the cloud to keep the momentum in favour of bears.
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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