ES Hourly cloud and 100 day SMA

• Daily shows price pausing ear 100 Day SMA. Bigger falls will resume only if price falls below 100 Day SMA.
• One hour chart shows price below the cloud. Bearish swing in hour will remain safe till price stay below the cloud.

GOLD at the Apex of contraction | Descending triangle

• Gold daily time frame shows price near the apex of the pattern Price likely to exit the pattern soon. As it is a descending triangle, Also looks like a rounding top, Most expected price action is on the downside with targets of 1290 and 1270 levels.
• On the contrary some descending triangles does move in the opposite direction as well. So an upper breakout cannot be ruled out from the support zone around 1310. 

NIFTY @ 50 Week SMA | Price near 10000 Round number

• Nifty week shows price at crucial support resistance zone near 10100. 
• Traders also look at 10000 as crucial round number. 
• But most important here is the bounce happening from 50 Week SMA. If Week manage to hold above this line then a bounce is possible. Daily did violate 200 SMA. Weekly equivalent of 200 SMA is the 50 Week SMA. So bears need a weekly close as well below 50 to confirm bigger bearish scenario.As of now 50 Week SMA is holding for bulls.

ES 100 SMA and bollinger band Updates

• ES Daily chart shows price moving towards 100 Day SMA.
• 2nd chart also shows a possible support in Lower Bollinger band.
• Bigger correction only if these levels are not held. Close below 100 SMA can be very negative for bulls as it may take price towards 200 SMA again.
• Another point to highlight is the strength of PIN BAR at crucial levels. This one at upper bollinger band has given good results.

ES 4 Hour chart analysis

• Price testing crucial support resistance zone in 4 hour time frame.
• Price if sustains below 100 SMA can lead to bigger correction. 

NIFTY Violates 200 SMA

• Nifty falls below 200 SMA.
• Bears need a daily close below this line to strengthen their position. If an intraday bounce takes price back above 200 SMA then that will keep the hope of a bounce for bulls alive.
• 4 Hour chart shows a possible falling support line. If held an intraday bounce is possible.

EURUSD Weekend update | Month resistance line

• Weekly triangle shows price nearing the apex off the pattern. Multiple attempts to close out off the triangle has failed with price getting back into the pattern. This may change in one or 2 weeks.
• Second chart shows price testing the broken support zone.
• Last chart has the falling resistance line from 1.60 levels. This has historically acted as strong resistance. Usually its an easy sell from here BUT when price tests a line too many times it can snap..