My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 9, 2015
Facebook chart update
- Bearish Pin Bar continues to give good results for Facebook bears.
- Price likely to test the shaded area shown in chart 2.
- For a larger fall this level must be broken on closing basis.
- FACEBOOK WEEKEND UPDATE
ES Chart update
- Immediate support levels which bears need to take out is the 200 Period SMA and 38.2% Fib level.
- As price has fallen well below the 4 Hour cloud, any bounce towards the cloud may give selling opportunity.
- SPY FALLS BACK INTO THE DAILY RANGE
Silver 4 Hour chart analysis
- 4 Hour chart shows silver staying above a possible slopping support line
- 2nd chart shows price staying below a bearish Descending triangle pattern.
- If price moves back into the pattern it may target the upper resistance line shown in last chart.
- EURUSD CHART ANALYSIS
State Bank of India Chart analysis
- SBI Weekly chart looks week This can get further bad for bulls if Daily does a close below 200 Day SMA.
- So bulls must protect 200 SMA to avoid bigger falls.
- EURUSD CHART ANALYSIS
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