- Gold trying to stay above 200 Day SMA.
- Daily chart also shows price testing crucial resistance zone around 1220 levels.
- This area is also the 50% Retrace level so a crucial area for bulls to cross above for extending the bounce.
- Silver Triangle Pattern: CLICK Here
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- ES 4 Hour and One hour chart moves out of the Ascending triangle patterns. 4 Hour also looks like an Inverted Head and shoulders pattern.
- If price sustains above the Neck line, IHNS Should give about 40 points on the upside.
- Bulls need a 4 Hour closing above the resistance zone to confirm strength.
- ES Ascending triangle: CLICK Here
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- CNX IT at a support line and is near Weekly Ichimoku cloud.
- Weekly RSI is fast approaching oversold region.
- If the recent lows around 10600 are held a reversal can be seen. IT bears need price to close into the weekly cloud.
- Daily chart shows another weak candle at 200 Day SMA. For now its not looking good for Crude oil bulls, But price is yet to violate 20 Day SMA.
- Close below 4 Hour cloud may confirm weakness for the up move.
- FACEBOOK Chart analysis: CLICK Here
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- ES bulls trying for new high's
- Bears seeing price near Multi week resistance zone.
- Ascending triangle mostly works in favour of bulls.
- FACEBOOK Chart analysis: CLICK Here
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- Last chart shows the daily time frame with a possible Head and shoulders pattern taking shape. Right shoulders may form if there is an up move from the current levels.
- Right now price is trying to stay above 200 SMA, If successful stock will move towards 83 levels again.
- Break and close below 200 SMA will make it easy for bears of Facebook to take the stock towards 70 - 73 levels.
- SILVER Triangle pattern: CLICK Here
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- Bank nifty daily in a squeeze between 50 and 200 Day SMA. Weekly chart shows 50 Week SMA stopping a bigger fall.
- The pattern shown in first chart looks Topish But it can work for bulls as well.
- SILVER Triangle pattern: CLICK Here
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