December 12, 2017
December 11, 2017
- TESLA Month chart shows Crucial support zone between 288 - 291. Current swing low was at 292 which was near this support zone. Long term structure of the stock will take a hit only if price closes the Month or Week below 288 levels.
- For now though price has moved back above 200 SMA. Tesla bulls need to close above This moving average for bigger up moves to follow.
- Getting resisted here will be negative for Daily time frame.
December 8, 2017
December 7, 2017
- Crude oil weekly resistance line is looking good for now. Weekly close at the current levels or lower will strengthen crude bears further.
- Bulls can see support around 54 levels and the rising support trend line shown in daily time frame. If this area does not hold a bigger breakdown is possible.
- Hourly cloud may be kept as stop loss for short trade.
December 6, 2017
December 5, 2017
December 4, 2017
- Month Time frame has a perfect Bearish Pin Bar. Weekly has a bearish engulfing pattern. Now bears need price to fall into the previous Weekly range, That is below 1000 Levels.
- Bulls will expect the Range top to act as support. Bulls need to stay above 1040 levels to negate the bearish view
- CRUDE Oil Weekend update
December 2, 2017
- Crude oil weekly candle shows loss o momentum again for bulls But bearishness is yet to confirm.
- Daily chart shows price above 20 Day SMA and the up trend line. These two must break soon or a bigger breakout may happen. Since price is near weekly resistance zone a close below the support levels in daily time frame is crucial.
December 1, 2017
November 29, 2017
November 28, 2017
November 27, 2017
November 25, 2017
- First chart is the weekly time frame which shows the Huge broadening formation. Bulls are safe till price stay above the resistance line of this pattern. Once and If price falls back into the pattern bigger correction is possible.
- 2nd chart also the Weekly time frame shows possible target level of 156 Provided price stay above 150 levels.
- Weakness in smaller time frames if price fall below 150 levels.
- ES Weekend update