NIFTY RAISING WEDGE
NIFTY WITH EMA
- Nifty is forming a raising wedge in hour chart pattern.
- If the index finds resistance at the top of the pattern it should start a correction towards the bottom trend line of the raising wedge.
- The index has closed below its 5 DAY HIGH EMA. This is after closing above it for the past 3 day's.
- BROADENING TOP OF S&P 500
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