- TESLA Daily chart shows a triangle shaped contraction.
- Month chart shows bullish candlestick formation with crucial long term support at 291 levels.
- Since Month is favouring bulls a bullish breakout from the Triangle is likely to be a safe trade. If price falls below 305 then stock can fall towards 292 levels. Above 347 stock can move towards 360 and 380 levels.
-->
- 30 Minutes trend has snapped.
- 60 Minutes cloud base is giving support for now. For bears the cloud base must break for bigger gains to follow.
- Daily time frame is looking good so far for bears. Day need to close like this to confirm weakness.
-->
- Daily candle with its upper shadow is showing some weakness But the trend in 30 Minutes and one hour is yet to snap. Bigger gains for bears only if the trend supporting cloud and moving average gets broken.
-->
- Nifty broke through the ceiling once again and is likely to make another swing high in one or 2 weeks time.
- MACD Shows triple negative divergence.
- If the resistance line drawn in last chart works the negative divergence can start working. One has to note this is a likely scenario against the prevailing strong up trend.
-->
- Crude oil week nearing previous resistance zone around 63 levels.
- Month chart shows the falling resistance line from 147 levels. If crude bulls manage to stay above 63 levels then the Up move may extend towards the Falling resistance line. But this may take some more months to materialise.
- ES 30 Minutes chart continues to favour bulls.
- Price needs to close below the cloud in this time frame to confirm weakness.
- Bears are seeing price falling below Middle bollinger band in One hour time frame. Staying below this line may lead to bigger weakness.
-->
- Gold week shows higher high's
- Month has a Bullish Ascending triangle pattern.
- Target for the current up move is around 1370 levels.
- Price may take some more months to resolve from this pattern. Pattern mostly favours bulls.
-->
