Learning from last Week: (click here for the previous post)
Patterns:
The Index takes off from support near the middle Tyne of the Medium Term Chart, to make another new ATH (All Time High) #Weeklychart.
Support & Resistance:
The Index takes off from support near the Middle Tyne of the Weekly Fork and at the 5 EMA #Weeklychart. Index make a new ATH and is almost at the Monthly Channel Top #Monthlychart.
Moving Averages:
The critical EMA5, is bullishly above the MA13, on all except the Day Screen.
Indicators:
The RSI knocks on the oversold again #WeeklyChart.
Wrap:
Patterns:
The Index takes off from support near the middle Tyne of the Medium Term Chart, to make another new ATH (All Time High) #Weeklychart.
Support & Resistance:
The Index takes off from support near the Middle Tyne of the Weekly Fork and at the 5 EMA #Weeklychart. Index make a new ATH and is almost at the Monthly Channel Top #Monthlychart.
Moving Averages:
The critical EMA5, is bullishly above the MA13, on all except the Day Screen.
Indicators:
The RSI knocks on the oversold again #WeeklyChart.
Wrap:
Index takes off from support near the Weekly fork's middle tyne and makes a new ATH #Weeklychart.
Looking forward into this Week:
Patterns:
Last two candles on the #WeeklyChart, could be the making of a 'Stick Sandwich' pattern (Google ' 'Stick Sandwich candle pattern' to study). Bears need to produce a deep red one this week, for that pattern to happen.
Support & Resistance:
Middle Tyne of the Week Fork, is now support and the Top Tyne of the Month Fork is again resistance.
Moving Averages:
5 EMA on the Week chart, is the mark, that the Bear want to get below, this week #WeeklyChart.
Indicators:
STS struggles to stay in the over sold #DayChart.
Wrap:
Desperate Bears could make a 'Stick Sandwich' with a suitable deep red candle #Weeklychart.
Bulls look to use the current Support and Trend to touch the Long term Channel top and a make a new ATH (2292) #MonthChart.
Looking forward into this Week:
Patterns:
Last two candles on the #WeeklyChart, could be the making of a 'Stick Sandwich' pattern (Google ' 'Stick Sandwich candle pattern' to study). Bears need to produce a deep red one this week, for that pattern to happen.
Support & Resistance:
Middle Tyne of the Week Fork, is now support and the Top Tyne of the Month Fork is again resistance.
Moving Averages:
5 EMA on the Week chart, is the mark, that the Bear want to get below, this week #WeeklyChart.
Indicators:
STS struggles to stay in the over sold #DayChart.
Wrap:
Desperate Bears could make a 'Stick Sandwich' with a suitable deep red candle #Weeklychart.
Bulls look to use the current Support and Trend to touch the Long term Channel top and a make a new ATH (2292) #MonthChart.
