- Facebook one hour has broken the up trend line and horizontal support at 43.07
- Hour chart also shows price falling towards 38.2% fib level and previous resistance zone which may act as support. Daily chart shows next support at 20 Day SMA. These support levels must hold to avoid a bigger fall in Facebook.
- APPLE Weekly bearish engulfing
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 17, 2013
FACEBOOK Trend update
September 16, 2013
APPLE Breaks crucial support levels
- Apple has violated 200 Day SMA. Bears need a daily close to confirm breakdown.
- 4 hour chart shows price at 50% retrace level. Closing below this level should give the Golden ratio for apple bears. Price sustaining below the 4 hour cloud will also help apple bears.
- APPLE Weekly bearish engulfing
ES Range and Support levels
- ES 15 Minutes chart shows price in a range after a big up move. One hour chart shows Immediate support levels in case of a correction.
- APPLE Weekly bearish engulfing
September 15, 2013
GLD Weekend update
- GLD Is taking support at the daily cloud and 50% retrace level.
- For a bigger fall price mus trade below the cloud.
- For bulls the presence of the GAP between 128 and 131 and the broken 50 and 100 Day SMA's will make it tougher to do a bigger up move for now.
- APPLE Weekly bearish engulfing
September 14, 2013
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