APPLE Triangle pattern

CHART-II (TRIANGLE UPDATED)

• Price broke the triangle and went till 318 level where it took support and came back into the pattern. a busted triangle if goes in the opposite direction may favor bulls.

CHART-I

• AAPL Hour chart with a triangle pattern.
• If price breaks below 320 - 322 Level this can be a Head and shoulders pattern.
• Above 333 things will favor bulls again.
• US DOLLAR HITS RESISTANCE LINE
  

US DOLLAR Hits Resistance line

• At 76.50 US Dollar has hit the weekly resistance line.
• For further up move to happen price has to break the resistance line and close the week above this level.
• But for now resistance line seems to be strong.
• DOW JONES ANALYSIS AFTER CLOSING BELL
  

NIFTY Intraday Update

• Nifty broke below 5400 But selling momentum has not picked up
• It is because price is finding support near 78.6% retrace level.
• So price has to close and sustain below 5387 level for bears to do a complete reversal towards 5328.

Nifty Daily Analysis

• Nifty Week is moving down towards the trend line that's the most important point to note here. 
• Price closed below 20 DMA.
• Week is shown with a head and shoulders pattern.
• Day is shown with an inverted HNS this pattern is getting weaker by the day.
• Volatility might increase from today because of the news flow.
• DOW JONES ANALYSIS AFTER CLOSING BELL
  

DOW JONES Analysis after closing bell

• Price gave up all of yesterday's gain and closed 178 points down.
• Now if one plots Fibonacci retrace levels for the rise from 11555 to 12875, Price is near its 78.6% and hour charts are showing positive divergence without much effect though. 
• If 78.6% too gets broken then comes the all important 200 day moving average. 
• If the positive divergence takes effect we may see a bounce from between 200 DMA and 78.6% level. So some more selling is left before we see a bounce.
• SEE THE EFFECTIVE OF PIN BAR ON DOW JONES IN THIS POST