GOLD Bearish flag

 

 

• GOLD One hour chart shows  a bearish flag pattern.
• Price sustaining below 200 Hour SMA and cloud will favor gold bears. 

BANK Nifty chart update

• Bank nifty daily chart falls below 5 Day Low EMA after a long gap.
• MACD Lines in daily time frame looks weak But price needs to stay below 20 day SMA For this setup to work well for bears.

Bank nifty chart update

• Bank nifty chart shows price pausing at weekly resistance zone. 
• Daily chart shows negative divergence. Price yet to confirm weakness for the divergence. During trending phases divergence can fail so one has to wait for weakness to be seen for shorting.
• Price continues to take support at 5 day low ema. Daily closing below this level may hint of a weakness.

ES Chart update

• ES 4 hour chart shows price getting back towards the broken support zone of the range. Range support zone may act as resistance.
• More weakness only if price falls below 30 Minutes cloud.

APPLE Weekend update

• Above charts shows possible support levels for apple. A bigger fall only if 200 SMA is not held on closing basis.
• APPLE BEARISH ENGULFING

-->

QQQ Weekend update

• First chart shows price testing crucial support zone of a broadening pattern. Weekly chart shows price testing Lower bollinger band.
• Price is also near 200 Day SMA. Unable to close below 200 SMA may result in a bounce. 

NIFTY Weekend update

 

• NIFTY Daily chart shows price continues to remain in a strong bullish trend.
• Weakness can only be seen once price closes below the Low EMA's and the support lines shown in 2nd chart. crucial level to hold above 6650.
• MACD Histogram shows negative divergence. When the trend remains strong divergences takes time to work. Sometimes they do fail by giving sideways consolidation.
• last chart shows the weekly time frame with is stochast above 80%. Unless stochastic dips below 80% there will not be bigger corrections. 
•