CHART-II
- Was expecting a diamond top But ended up as a continuation pattern. Closing above 12841 will favor bulls.
CHART-I
- Hour chart of Dow Jones is forming a diamond pattern.
- For bears price has to fall below 100 Hour SMA and the support line of the diamond.
- Taking support at the support line and breaking the resistance line will favor bulls for continuing this up trend .
- 50 Day SMA may act as support if price falls towards it.
- 1.3234 is the resistance line.
- Closing outside these levels may give a bigger move for EURUSD.
- SINA CHART ANALYSIS
- ES BULL FLAG
- Smaller time frame is showing a possible continuation pattern
- Four hour time frame too is staying above the cloud which will help bulls to extend gains.
- Price falling into the cloud will be negative.
- Red horizontal lines may act as resistance levels, Breaking them will favor bulls to extend gains.
- SINA CHART ANALYSIS
- Price sustaining above 100 SMA will extend gains for bulls of SINA.
- Week chart is above Middle bollinger band. Closing above this level will extend gains towards the dotted resistance line shown in 2nd chart.
- Last chart weekly line chart which may act as resistance.
- Getting support here at 100 SMA will favor a bullish trade in crude oil
- Price sustaining below it may push crude oil towards 200 Day SMA.
- POSSIBLE TARGET LINE FOR US DOLLAR
- For Rcom its a big volume day. Stock moved from 102 to 91 and its trading near 97 again.
- 10 Day EMA is at 94 Stock has managed to close above 10 Day EMA from 70 levels. Today being a high volume day a bearish close may give a pull back for rcom in the coming day's.
- Any close above 98 means that today's action is just a shakeout of the weak bulls and to continue the up move.
- Daily chart managed to close above 200 SMA.
- Weekly chart has the tougher task of breaking out of the channel.
- Indicators have come to the overbought zone in weekly time frame. So there has to be a breakout for sustaining this up move.
- Bears badly need a negative weekly candle at this level.
