Learning from last Week: (click here for the previous post)
Patterns:
'Evening Star' Pattern possible, based on the 'Open' of the September candle #MonthChart1.
Support & Resistance:
Middle Tyne of the Fork on the Weekly chart was the support #WeekChart1. Index failed to make a bullish cross of the 5 EMA and 13 MA on the day chart #DayChart1.
Moving Averages:
The critical EMA 5, is bullishly above the MA 13, on all except the Day Chart #DayChart1.
Indicators:
The STS dips from the oversold #DayChart2.
Wrap:
Bulls hold our Support line #WeekChart1. Bears sneak in, the possibility of an 'Evening Star' on the Month chart #MonthChart1.
Looking forward into this Week:
Patterns:
'Evening Star' Pattern (Study Links here, here or elsewhere) can trigger, if September close is below 2171 #MonthChart1.
Support & Resistance:
Middle Tyne of the Fork on the Weekly chart is support #WeekChart1. Middle Tyne of the Fork on the Daily chart is resistance #DayChart1.
Moving Averages:
The EMA 5, poised to cross bullishly above the MA 13, (Example: a close above 2184 on Tuesday should do it) #DayChart1.
Indicators:
TSI near resistance at the 74% Fibonacci mark #MonthChart2.
Wrap:
Bulls, fail to prevent red on the August Candle. Bears get an 'Evening Star' going #MonthChart1.
