ES Chart update

• ES Trying to get back into the range after violating it for a while.
• 4 Hour chart shows price testing the cloud. Bears need a close below the cloud to extend this correction
• Bulls need to get back above 200 Hour SMA to regain strength.

APPLE Descending Triangle

• Apple 30 Minutes chart shows a bearish Descending triangle pattern.
• Price is positioned below Hourly cloud. Sustaining below the cloud will favour bears of apple in the short term.

GOLD Chart analysis

 

• Daily chart shows price stuck between 50% and Golden ratio for about 2 weeks now. This range mus be resolved for bigger moves to happen.
• 100 Hour SMA in one hour time frame has given some easy trades recently.

EURUSD Falling towards 1.07 levels

• EURUSD Month chart continues to give new lows. Pair if falls below 1.10 levels are likely to give 1.07 levels in the short term.
• Weekly charts are getting ready for some positive divergence But more lows are likely before the MACD Positive divergence gets completed 
• Daily is trending below the cloud. No reversal possible until price stays below the cloud. 
• ES Chart update

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SILVER Weekly positive Divergence update

• Silver range discussed yesterday continues to keep price within its boundaries. Price tested the range bottom but bulls managed to stay within the range.
• Weekly chart has a positive divergence But bulls not getting enough help from it. Daily is doing a falling wedge kind of pattern. If a positive breakout happens from this one the Weekly Divergence will look good.

ES chart Analysis

• ES 4 Hour and One hour chart shows price continues to move inside a range.
• Price for now is staying above 4 hour cloud which will favour bulls.
• If price breaks below the range then 4 hour cloud will also be broken. Bears need to keep price below the cloud for bigger falls to happen.

Tata Steel Chart analysis

 

• Death cross is Tata Steel Daily chart continues to be effective. Price sustaining below 50 Day SMA.
• For now though price is falling towards a crucial support zone at 332. This is also near the Golden ratio shown in last chart. If these two levels are held a Bounce looks possible. Things may get worse for bulls if price closes below 332 levels.

ES Chart update

• ES one hour chart shows price continues to move within a Range.
• 2nd chart shows bulls holding on to the 4 Hour cloud. If price sustains above the cloud new high's are possible.
• Last chart also shows support at previous resistance zone.

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