- 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.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 22, 2017
TESLA Chart update
ES Chart analysis after closing bell
- 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.
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