CHART-III
- Broadening top gave a breakdown and the hourly support at 11362 too did not hold.
- Hour chart has turned completely negative.
- Only if price crosses 11362 bulls can regain the upward momentum.
CHART-II
- Broadening top has given a breakdown.
- More downside will be possible only if price stays below 11360 area.
CHART-I
- Dow Jones hour candles are showing shadows on either side which is hinting at another big move.
- Chart is also showing broadening top pattern.
- Price continues to trade and close below 20 hour moving average.
- We had an up move today which was sold off. Next attempt to stay above 20 hour moving average may be successful.
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