- 4 Hour trend line and the 30 Minutes cloud shows the strength of the trend. No hope for bears till the 30 Minutes act as support. First signs of weakness only if the cloud is broken and price closed below it.
- There is a rising wedge in Hour and a Hanging Man in Daily. Bearish signals like these continue to struggle because of the strength of the trend. For the hanging man to gain some strength price need to open and close below the body of the Hanging man candlestick.
-->
- One hour shows a broadening formation. For now bearish formations are seen only in smaller time frames. Four hour and Day are shown with strong support levels. 4 Hour cloud is acting as strong support. Last week test of the cloud saved bulls from a bigger correction.
- Daily chart shown with 20 day SMA. Bears unable to take price below crucial moving average line.
-->
- Tata motors weekly charts at crucial price levels. Weekly bulls must take out the falling resistance line and 50 Week SMA for a bigger up move to follow. Bulls safe till price stay above 425 - 435 zone. If this level is not held then the resistance line and 50 SMA acts as resistance.
- So bulls need a Weekly close above the moving average and resistance line.
-->
- APPLE Daily chart has a bearish engulfing pattern at the resistance line. Weekly chart shows negative divergence with Price and MACD.
- Hourly chart shows crucial levels. Close below 165 will add strength for the bearish engulfing candlestick. On the contrary close above 169 will negate the bearish setup's discussed in chart 1 and 2.
- FACEBOOK HANGING MAN
-->
- Bearish Pin Bar in daily chart continues to be valid But bears does not need price to close into the upper shadow of the PIN BAR.
- 4 Hour cloud and 100 Period SMA Continues to act as crucial support for ES Bulls. This support levels must break for a possible down swing to start.
- FACEBOOK HANGING MAN
-->
- One hour shows a possible rising wedge pattern. Bears hoping this pattern can turn things in their favour But for bulls the trend even in one hour will not be challenged until price stay above the Up trend line and 50 Hour SMA. First signs of weakness only when price closes below 50 Hour SMA.
-->
FACEBOOK DAILY
- Facebook Daily time frame shows a Hanging man candlestick. Today's correction Adds strength for the candle. Bears need a lower close today to confirm the Hanging Man.
- Hour chart shows immediate support zone between 176 - 177. Bears must close below this level to add momentum.
- Weekly chart too is looking good for Bears so far, But this setup need a close at the current levels or lower to confirm weakness in this time frame.
- ES Analysis After closing bell
-->
