- ES 30 Minutes chart shows price trying to put up a support zone in place.
- 4 Hour chart shows price is pausing at a crucial pivot zone. Previous resistance level is trying to act as support.
- Last chart shows price below Hourly cloud. More weakness here if price continues to stay below the cloud.
- NIFTY Daily stuck in an ascending wedge like pattern as shown in first chart. Till price stays within the boundaries the steady up move is likely to continue
- Ichimoku cloud shows price testing it twice in the recent past. Bears need price to sustain below the cloud for bigger breakdowns to happen.
- MACD Shows a possible buy signal coming But this can be a trap for bulls. Its better to look at the price levels to confirm strength and weakness.
- Last chart shows immediate resistance levels in 20 and 50 Day SMA.
