Fibonacci ratio for hourly chart

• Dow jones hour chart is trying to regain the losses of today.
• Fib ratio shows 10325 and 10345 areas as resistance. 

Bear Flag in Dow jones

UPDATED CHART 

• Dow Jones is forming a bear flag in 10 minutes chart.
• Break down of the below trend line will confirm a continuation of the hourly trend which has turned down today
• DOW JONES HOURLY FIBONACCI LEVELS
  

Broadening Top of S&P 500

UPDATED CHART

• BELOW CHART WAS POSTED YESTERDAY. 
• AND THE PATTERN HAS WORKED PERFECTLY

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• Broadening top formation in S&P 500 15 minutes chart.
• I am calling it a top because it has come at the top of the trend. And the main criteria for this to work is that 1101 should not be breached or an hourly close above that should not happen.
• If the index fails to cross today's high and starts to come down that should be the first sign of weakness.
• The pattern will become invalid above 1101.
• DOW JONES FUTURES WITH HIDDEN NEGATIVE DIVERGENCE
  

Dow Futures Hidden negative divergence

UPDATED CHART

DOW FUTURES WITH HIDDEN DIVERGENCE

• Dow futures 4 hour chart is breaching an important trend line.
• The same chart is also showing a hidden negative divergence.
• Hidden divergence happen when the indicator reaches the previous high but the index fails to do so.
• DOW JONES HITS THE 200 DMA
• READING ON HIDDEN DIVERGENCE FROM BABYPIPS
  

Nifty 30 minutes chart with support and resistance lines

UPDATED CHART

• Nifty chart in 30 minutes time frame with support and resistance lines.
• Break on the upside will be a continuation of the larger trend.
• A break on the lower side will be negative for the bulls at least for the short term.
• RELIANCE INDUSTRIES ASCENDING TRIANGLE
  
  
  
  

Reliance industries Ascending triangle

RELIANCE INDUSTRIES

• Reliance industries Ascending triangle formation.
• Ascending triangles normally breaks on the upside. If goes according to the rules of the pattern this one should take out the main resistance around 1140-1150.
• A down side break cannot be ruled out as well.
• NIFTY DAILY CHART ANALYSIS
  

Nifty daily chart analysis

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

Infosys Technologies breaks important trend line

INFOSYS DAILY CHART

INFOSYS CHART WITH EMA

• Infosys Technologies has broken down below an important trend line in daily chart with good volumes.
• The stock has also closed below its 5 day low ema.
• Now the stock becomes a sell on raise candidate unless the stock comes and closes above 5 day high ema again.
• CNX IT CHART ANALYSIS