- Apple weekly chart shows price moving above 78.6% Fib level. Weekly close above this level and 644 level shown in chart 2 will add further strength to apple bulls.
- Immediate support at 15 Minutes cloud. Weakness on price sustaining below the cloud.
- GOLD TRIANGLE UPDATE
May 30, 2014
- Infosys gave another big volume bearish daily candle.
- Price has violated the weekly previous resistance zone which was expected to act as support now. Week is falling back into the Weekly range. Bears need a weekly close into this range to extend gains further.
- Hope for bulls now is in the Approaching golden ratio and the weekly cloud. If price does not bounce at these levels bigger falls can be seen.
- Death cross has also done well. Price moved back to 50 Day SMA and got resisted there.