The sell on the fact trade which emancipated friday has come to a halt in the counter.
The pair has made a double top in the 15 min chart.
It broke the critical support level of 1.29173 as well.
Further the MACD has turned bearish and the histogram bars are gaining strength.
Hence we expect the pair to move to the support levels of 1.28719.
The bulls effort to cross the resistance of 0.86784 seems in vain in the counter.
The bears have stamped their authority by resisting and rejecting the price action above the value of 0.86750.
Now, the counter has formed a double top pattern in the hourly chart, which is a strong reversal pattern.
Also, the ROC indicator has crossed into the negative...
Despite several attempts to break down the support of 1.29783, the support remains tall.
The counter has bounced off from the lows and formed a double bottom pattern in the hourly chart.
It also took down a critical resistance of 1.30085 in the due process.
Now, its currently testing the broken resistance.
We expect the broken resistance to lend support and push...
The resistance of 1.33914 seems invincible for the bulls, holding it down for a month.
The pair has now formed a double top pattern at the resistance and broke the critical support of 1.33668 too.
The breakout of the support also yielded a follow through in the RSI indicator, which also formed a double top pattern.
Now, the pair is being resisted by the broken...
The counter is brimming with bearish signals technically.
In the price action front, the pair has formed a double top pattern and broke its critical support of 146.327 as well.
A bearish trend line drawn from the highs is also pushing the price downwards.
In the indicator front, the RSI has formed a head and shoulder pattern in the hourly chart. The neckline of...
After hitting the mark of $65, crude oil is consolidating in the form of a bullish flag pattern.
Two legs of the flag pattern has completed and it is currently at its third and final leg.
Although, we expect the flag pattern to render a bullish breakout, for now, we expect a movement to the resistive trendline only.
FB formed a double Bottom from 11/18 to 02/19 which was confirmed by the succesful breakout on 14 january. Fueled by the earnings Reports on 30 january FB had a big upside gap. Now we have breakout of the consolidation and so we have further updside potential.
Profit Target 215$, Stop loss 165$
2:1 reward : risk ratio