- Hour chart has closed above the contracting triangle. Price not showing big momentum and has some resistances to clear before confirming a bigger breakout.
- Daily is showing good support at 20 Day SMA. Bears cannot hope for a bigger correction as long as price stays above this level.
- Weekly chart trying hard to stay above the resistance line of the wedge. Clearing the range mentioned in the weekly chart should result in a bigger move.
- Apple one hour chart shows a bearish cross with 50 and 200 Hour SMA.
- Hour cloud is also acting as resistance as of now.
- For bulls to resume the up move they have to break above 200 Hour SMA and the cloud otherwise this bearish cross may help bears to extend correction.
- Hewlett Packard fell to the channel support line. A reversal candle or Doji at the channel support line could start an up move towards the channel top.
- MACD Histogram is showing positive divergence which could help bulls with a bounce.
- EURUSD Daily chart moving away from 200 Day SMA. Price is also breaking above 20 Day SMA.
- 4 Hour chart seen breaking above the cloud. If daily candle closes above 20 SMA then EURUSD could move towards the resistance levels shown in last chart.
- Crude oil daily chart shows a possible falling wedge pattern. But with price closing below 100 Day SMA the chances of this pattern working well for bulls is low.
- Daily closing back above 100 SMA shall give good gains for bulls.
- For bears a break below 86.90 should give 84 levels.
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- ES testing the contracting triangles resistance line.
- Breakout can be confirmed only above the levels shown in 2nd chart. Horizontal resistance zone shown in yellow has to be taken out by bulls for a bigger up move to happen.
- Daily staying above 20 Day SMA will favor bulls. Bears need to break and close below 20 SMA for a correction to happen.
- Apple daily chart is bouncing from 50 Day SMA and Lower bollinger band.
- Resistance at Middle bollinger band or 20 Day SMA at 679. For a bigger up move bulls must close above 20 Day SMA.
- Staying above 644 and the up trend line from 380 will avoid a bigger correction in Apple.
- APPLE BEARISH DOJI STAR
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