ES chart update

• ES 4 Hour chart shows price sustaining below the support line. Weekly chart shows price moving towards 1800 levels.
• ES ROUNDING TOP

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ES Weekly Rounding Top

• ES Weekly chart shows a Multi-Month rounding Top pattern. For a trending move in Higher time frames price must move out of this pattern. For now price is forming the right part of the pattern. Price sustaining below 100 Week SMA will strengthen bears.
• 4 Hour chart shows price violating a support line. very short term may favour bears if stays below this line.
• CRUDE Oil Multi - Years Lows

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CRUDE Oil violates Multi-Year support levels

 

 

• Crude oil violates the 2008 Lows. Crude bulls must hold above 32 Levels to avoid further correction. Below 32 next targets are 25 and 18 which are 2002 and 2001 lows.
• For Intraday traders 15 Minutes continues to trend. strong move to continue till price stays below the cloud.

Facebook trend update

• Sideways correction shown in second chart can turn ugly for Facebook bulls on price closing below 99 levels. Bears also need to stay below the rising support line from 43 levels for bigger correction to happen. As long as price stays above the rising support line and 99 levels no threat of a bigger fall.

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ES Chart analysis

 

 

• ES Week testing 100 Week SMA, weekly close below 100 Week SMA may result in a bigger fall.
• Daily chart shows price testing Crucial retrace levels like 50% and Golden ratio.
• 4 Hour chart shows price trying to stay above the support line. Bears need price to falling below this line for a bigger correction to follow.

Nifty intraday update

• One hour chart shows price positioned below the cloud. Bears need new lows or price to move below 7760 to extend this fall.
• Strength above 7810 and 7830 levels. 
• Fib levels shows price trying to stay above 50% Retrace level.

ES support and resistance levels

• ES one hour chart shows resistance at 38.2% Fib level and cloud. Bulls need to cross these two levels for a bigger bounce to happen.
• Bears need to break below the support line shown in 4 hour chart for bigger breakdown to happen. For now price is within a range or channel in 4 hour chart.