- 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.
February 22, 2017
- 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.