- Above shown bullishness can only be confirmed with the daily candle giving a close near the High of the Day.
- A Bullish "W" and a breakout above 200 Day is waiting to be confirmed with a bullish close.
- One hour chart too shows a range breakout.
- Daily bullish confirmation will lead to 105 and 108 levels in the short term.
- ES Chart analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 18, 2014
CRUDE Oil Bullish Price action
ES Chart analysis
- ES one hour chart is finding support at 50 Hour SMA.
- Four hour chart shows the bullish ladder. Daily chart is nearing supply zone, if the bullish structure in four hour time frame remains intact a breakout in daily chart is possible.
- GROUPON TRIANGLE PATTERN
APPLE Chart analysis
- Apple bulls managed to fill the GAP in daily time frame completely.
- Price is now testing crucial resistance levels like 50 Day SMA and the daily ichimoku cloud.
- Apple bears need to see weakness at daily cloud for a correction to follow.
- GROUPON TRIANGLE PATTERN
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