- Possible bullish formation
- But 4 hour cloud is acting as stiff resistance.
- Bulls need a cloud break for bigger up moves to follow.
- TESLA Bounces from weekly support levels
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 6, 2018
Nasdaq 100 4 hour charts
CRUDE Oil Channel and resistance level
- First chart shows a possible bullish base building, But price need to break above 64.14 levels which was the previous support zone. This broken support zone may turn as resistance now.
- Price is in a falling channel which is near the support line of a bigger channel. If the support line holds an upper breakout is possible.
- TESLA Weekly charts
ES Chart Analysis after closing bell
- Resistance zone discussed in one hour did hold for bears only for now.
- Daily candle too is showing some weakness But the Twin bullish shadows at 200 SMA is likely to favour bulls in the short term.
- TESLA Weekly and Daily charts
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