February 1, 2016

ES Fib levels

  • ES 4 hour chart shows price above the ascending triangle pattern.
  • Daily chart shows price near 50% retrace level.
  • 1 Hour chart shows retrace levels for the current bounce. price trying to stay above 23.6% Fib level. 

January 31, 2016

Crude oil Weekend update

  • Crude oil month moving around 2009 lows. Month candle closing above or below this level may decide the next big move. 
  • Daily and 4 hour chart shows price nearing possible resistance levels.


January 29, 2016

ES Chart update

 
  • ES 4 hour chart shows an ascending triangle breakout. pattern will remain strong above 1900 levels.
  • ES weekly is bouncing from the base of semi circle. Price likely to move towards the outer edge of semi circle.

Crude oil support resistance line

  • Previous support line shown in daily chart is acting as resistance. Crude bulls need to move and sustain above this line for a bigger bounce to happen.


January 28, 2016

Gold Higher lows

  • Gold 4 hour chart shows price making higher lows. 
  • 4 Hour also shows an ascending triangle breakout. This will remain strong if price stays above 1110 levels.


ES Range and IHNS pattern

 
  • ES one hour chart shows price moving in a range between 1850 - 1910.
  • 4 Hour chart shows an inverted head and shoulders pattern. Bulls must hold above 1850 levels to remain strong.
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January 27, 2016

CRUDE Oil weekly busted pattern

  • Crude oil 4 hour chart shows price near resistance zone between 32 and 33.
  • Weekly chart shows a wedge pattern which may have given a false breakdown. If price gets back into the weekly pattern there could be bigger up moves