- Price violating 200 Day SMA and 50% retrace level. Closing below these levels may target the golden ratio. Previous resistance zone of 96.80 - 97.30 may act as support for a bounce.
- FACEBOOK BEARISH ENGULFING PATTERN
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- Facebook daily chart shows a bearish engulfing pattern. Weakness on price trading below 53.51 levels.
- Daily MACD and price shows negative divergence But price yet to confirm any weakness yet.
- TESLA TREND UPDATE
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- Axis bank daily chart shows a potential head and shoulders pattern. Price yet to clear the resistance line or the neck line properly, Need price and volume advance to confirm breakout.
- Price need to sustain or close above 100 Week SMA to target the golden ratio level shown in last chart.
- Tesla 50 Day SMA and up trend lines are getting tested. Breaking them on daily closing basis may lead to an extended fall.
- EURUSD CHART ANALYSIS
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