- Weakness is seen in one hour time frame
- Hourly chart shown with immediate support levels.
- Strength resumes if price moves back above 8905 levels
February 28, 2017
February 27, 2017
February 26, 2017
February 25, 2017
February 24, 2017
February 23, 2017
February 22, 2017
- TESLA Month nearing resistance zone.
- Previous weekly candle is a potential bearish one with its long upper shadow. But if today's week closes higher then bearishness of the previous candle is negated.
- Levels to watch bears are 274 and 264 levels. For bulls need to stay above 287 and 291 levels to extend the trend.
- ES Daily shown with a possible rising wedge pattern. Price likely to hit the resistance line around 2370 plus levels approximately.
- Rising wedge mostly results in a breakdown in favour of bears.
- One hour cloud continues to offer strong support for bulls. Weakness in hourly only on closing below the cloud.
February 21, 2017
February 20, 2017
- Nifty week shows a bullish pattern But another dip towards the rising support line is very much possible as price is moving into a stiff resistance zone.
- One has to pay close attention to the month candle. If Feb candle closes higher into the resistance zone then its advantage bulls. Last two attempts into this zone has given bearish month candles as shown with the circles in Month chart.
- crucial levels are shown in the daily time frame. Strength if stays above 8826. Mild weakness if continues to stay below 8826
February 19, 2017
- First chart shows previous resistance acting as support for gold. So this are will act as crucial support for Gold going forward.
- Price is turning down from 1245 levels which is the recent swing high will act as next resistance zone.
- As price is turning down a bearish trade is possible below 50 period SMA. Staying below this level the targets are 1218 and 1227
February 18, 2017
February 17, 2017
- Tesla month candle shows weakness at the top of the range.
- Weekly candle is showing a large upper shadow, Price if closes at the current levels or lower will form a good bearish candle. Any rally in favour of bulls today will spoil this pattern for bears.
- Daily chart is shown with 20 day SMA support line. Bigger weakness for the stock only closing below this line.
February 16, 2017
- ES 30 Minutes chart shows price falling to the cloud one more time. Will the cloud hold again. Price has been giving good buy on dips on this time frame till now.
- One warning for bulls is the Sideways moving MACD shown in One hour chart the last Image shows the Negative divergence. But Price continue to negate the divergence and move up, So its difficult to know when the divergence trade might start. As of now price yet to show weakness.
- As long as the bullish channel holds corrections are likely to be small.
- Nifty hour in a range
- 38.2% fib level acting as support
- One negative for bull is that price has fallen below hourly cloud after a long gap. So bulls need to move back above the cloud to regain momentum. Staying below the cloud may work in favour of bears.