March 23, 2016

Market outlook + Weekly charts

Weekly charts
- bottom formation in place with support around 6800
- immediate resistance 8000 levels



Daily charts
- trend is up on daily charts
- last 2 days bars hint at some selling
- support 7400 levels
- fast break of 7600 can imply trend reversal
- note strong resistance around 8000 levels


Hourly charts
- trend is up
- immediate support 7650 F
- deep support 7400 F


5 min charts
- possible areas of trades are shown with arrows
- did not trade today
- hopefully next week I shd be in markets



No comments:

Post a Comment