- Bidu has a triangle pattern in daily chart.
- Price is trading above 50 day moving average.
- So a break in favor of bulls would be an easy long to take.
- For bears Bigger gains can happen only if 50 dma gets broken along with the triangles support line.
- ES HOUR CHART ANALYSIS
- ES Near 200 hour moving average. Price has to close above this MA for further up move to happen.
- Bulls manage to break the resistance line in hour chart. But further up move will be possible only if they manage to break above the 200 hour moving average.
- Nifty's moving average is showing a bearish alignment.
- 20 day moving average is approaching 50 dma.
- We had a similar event near 6000 levels. For this one to work perfectly Price should continue to stay below 20 day moving average.
- Bears will get bigger gains once the trend line shown in weekly chart gets broken.
- SILVER May Give a Bearish engulfing Weekly candlestick pattern
