The breakout of ~4,750 has been retested turning into demand zone. The Pitchfork suggests support ~4,650. The view negates on a close below 4,500.
Will Dow Jones witness short term reversal? *Marubozu Candlestick * Overbought RSI
* Inverted Three Buddha * Bullish Crossover on MACD * Positive Divergence
* Support zone * Positive curve on RSI * Positive Divergence on Stochastic
* Bullish Harmonic * Positive divergence on RSI >> View negates below 350
CL1! has been trading in rising channel pattern. The prices have tested the lower band and moving northwards. The minor hurdle (black dashed line) at $46.50 if cleared by Bulls (on closing), we might head towards $54-58.
Can 50% Fib retracement repeat for second time in 2016?
* Channel Support * Bullish Harmonic * Oversold RSI *View negates on a close below 600
* Channel * Gap * Horizontal trendline * 50% Fib retracement Crucial level to watch is 8320-8360
We might see rally towards ~3400 post breakout.
How many of you believe traditional patterns like H&S or iH&S wont work? Lets see how Axisbank plays out on Inverted Head & Shoulder. * Retest of Inverted Head & Shoulder * Trendline Breakout
* Bearish Harmonic * Overbought RSI