CHART-II
- Dow Jones takes support near the support line of the triangle.
- Price is approaching the apex of the pattern so we can expect a breakout soon.
CHART-I
- Dow Jones Hour chart with support and resistance lines.
- Chart is showing a triangle formation.
- Price approaching the bottom of the triangle. If price gets support here an up move is possible.
- Breakdown from the triangle will favour bears and may take price below 11000.
- If price gets support up move can last at least till 11140 were price may find resistance.
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