My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
November 19, 2013
TESLA Chart analysis
- Daily chart shows next crucial level at 200 Day SMA. Immediate support levels is the 50% Fib level shown in weekly chart at 113 levels. Breach of 113 levels on closing basis may result in a fall to the 200 Day SMA.
- Strong MACD sell signal in weekly chart continue to drag price downwards.
- ES Negative Divergence
ES Channel and Support levels
- ES One hour chart shows price moving in a channel
- Immediate support levels are 100 Hour SMA and 23.6% Fib levels. Closing below these levels may take price towards the support line of the channel.
- ES Negative Divergence
FACEBOOK Descending Triangle
- Facebook daily chart shows price near support line of a descending triangle. This pattern normally works well for bears. Price closing outside this pattern should give a good move for FB. For bulls need to close above 20 and 50 Day SMA. Below 45.26 price likely to test 20 Week SMA.
- ES Negative Divergence
Bank Nifty Chart analysis
- Daily chart shows price near 200 Day SMA. Last attempt to stay above this has failed.
- Weekly chart shows support around 10900 levels. Sustaining above this level price may attempt the Golden ratio near the recent swing high.
- Last chart of BN shows the weekly chart with the corrective up move for the fall from 13414 levels. If price fails to trade above the cloud the fall may resume.
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