Learning from last Week: (click here for the previous post)
Patterns:
Last week's action triggers a "Bullish Harami' #WeekChart1.
Support & Resistance:
Day Fork's middle Tyne sends back the Bulls #DayChart1
Index closes just below the 50 MA #DayChart1.
Moving Averages:
The critical EMA 5, bearishly below the MA 13 on all except month screen #MonthChart1.
Indicators:
The STC stays, well above the 76% Fibonacci retrace #MonthChart2.
Wrap:
Bears close below the 50 MA #DayScreen, Bulls produce a Bullish Harami #WeekChart1.
Looking forward into this Week:
Patterns:
Bullish Harami is active on the week charts (Study links here, here or elsewhere) #WeekChart1. A close above 8698 this week, triggers a 'Three inside up'
Support & Resistance:
Bottom Tyne of the Fork on the Day chart is the first support #DayChart1. The Middle Tyne of the Week Fork is the resistance.
Moving Averages:
The 50 & 200 MA, are a in a 'Golden Cross' on the Day Screen #DayChart1.
Indicators:
The MACD and its histogram, are below zero #DayChart2.
Wrap:
Bears look to stay below the 50 MA and fall below the Day fork #DayChart1.
Bulls want more green with a weekly close above 8698 #Weekchart1.
