NIFTY Triangle pattern

CHART-II

• Bears are testing the support line of the triangle.
• Nifty closing below 5140 - 5145 level will favor bears. Anything above that may give opportunity for bulls.
• S&P 500 FUTURES CHART UPDATED
  

CHART-I

• Nifty four hour chart is showing a possible triangle pattern
• price is right in the middle of the triangle with bullish and bearish possibilities.
• Similar Triangle in S&P 500 Futures chart shows price testing the resistance line, will update the chart later.