FACEBOOK Weekend update

• Facebook daily chart shows a triangle shaped contraction pattern.
• Breakout from the pattern may not give bigger up moves because of the cloud and crucial moving averages.

QQQ Resistance levels update

 

• QQQ Testing confluence of resistance levels.
• Price need to close the day above Golden ratio for bigger up moves to follow.

TATA Steel weekend update

 

• TATA Steel gave good up move on the news day but price has come back to the neck line of the bullish pattern.
• Daily shows a big bearish engulfing pattern But this pattern needs to be followed up by more selling to confirm further bearishness. If the neck line holds another up move is possible.

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