- Facebook has given a Doji daily candle at 20 Day SMA. Price managed to close above this crucial moving average after violating the trading range.
- Daily chart shows a MACD sell signal which will be effective only if price manage to stay below 20 Day SMA.
- Last chart shows price testing crucial fib level in daily time frame.
- APPLE BULLISH ENGULFING
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
December 18, 2012
FACEBOOK Chart analysis
APPLE Bullish Engulfing

- Apple daily chart shows a bullish engulfing pattern at crucial support levels.
- Monthly chart hits the 20 Month SMA If price stays above this level we may see a good bounce.
- Weekly chart shows price near the base of weekly Ichimoku cloud which is a good place for a bounce. Bears need a weekly close below the cloud for a bigger down move.
- S&P 500 ANALYSIS AFTER CLOSE
CRUDE OIL Chart analysis

- Crude oil daily chart shows a triangle pattern.
- Price above 50 Day SMA But nearing 200 Day SMA. This zone between 50 and 200 SMA is crucial for crude oil bulls. A bigger up move possible only on a triangle breakout and closing above 200 SMA.
- Weekly chart shows a range between 23.6% and 38.2% Fib levels. Bigger moves once this range gets resolved.
December 17, 2012
ES Chart analysis
- ES One hour chart shows a bearish cross with 50 Hour SMA and 200 Hour SMA. Price sustaining below these two moving averages may lead to further breakdown.
- 4 Hour chart shows price testing the cloud. Price breaking below the cloud may give a bigger down move.
- S&P 500 WEEKEND UPDATE
- IWM WEEKEND UPDATE
NIFTY Chart analysis
- First chart is the daily time frame with MACD indicator which is getting ready for a sell. If macd gives a sell we may see a dip in price towards the up trend line.
- Weekly chart is pausing at 78.6% Fib level and a possible resistance line. If price does not breakout above 5950 on closing basis we may see a bigger correction as shown in the last chart to form the handle of a cup and handle pattern.
- BANK NIFTY LIVE CHART WITH AUTO REFRESH
Subscribe to:
Posts (Atom)

















