Nifty Futures intraday Update

• Bounce is on as discussed below But price will face resistance near the GAP

CHART-I

• NIFTY Futures might take support near golden ratio.

NIFTY Daily Analysis

• Break of weekly low ema may lead nifty towards the recent lows of 4720.
• If recent low(4720) is held and along with oversold stochastic reading in weekly chart we may see another long opportunity in the coming days.
• Week low ema near 4920 will act as support during correction.
• S&P 500 WEEKEND UPDATE
  

IWM Near Weekly support line

• Weekly support line of IWM.
• For bears price need to violate and close below this support line.
• Daily charts of major indices are showing bearish continuation patterns waiting for the support line to be broken.
• Breakdown in daily chart may affect weekly chart too.
• S&P 500 WEEKEND UPDATE

SPX Weekend update

• From head and shoulders pattern in hourly chart to weekly candle closing below 100 week SMA everything is pointing towards a bearish week ahead.
• Hope for bulls is to hold on to the support line in daily chart or the hourly head and shoulders pattern gets failed.
• US DOLLAR BREAKOUT
  
• ASCENDING TRIANGLE OF GOLD
  
• SILVER TRIANGLE PATTERN
  

SILVER Triangle update

• SILVER is still inside the consolidation pattern.
• But an explosive move awaits silver. Breaking below 50 DAY SMA can give good correction
• Breaking above the resistance lien can give good up move.
• ASCENDING TRIANGLE OF GOLD
  
• US DOLLAR BREAKOUT
  

Ascending Triangle of GOLD

• Possible ascending triangle developing in four hour chart of gold
• Ascending triangles are bullish patterns if worked according to the rules. Break of the support line will negate the bullish possibility.
• For this one to work perfectly the Higher Low formed at 1808 should be protected. which will eventually lead to the resistance line breakout.
• US DOLLAR BREAKOUT ABOVE 200 SMA
  
• ES TRIANGLE PATTERN
  

APPLE Near Resistance line

• AAPL four hour chart and 5 Minutes chart.
• Price is pausing near resistance line of four hour time frame.
• Breakdown from the channel shown in 5 Minutes may give a good short trade.
• Breakout above the channel should stay above the resistance line in four hour chart. So long trade does not favor good risk reward ratio. So one may try to go short if channel support line gives a breakdown.
• CRUDE OIL FALLING FROM RESISTANCE LINE
  
• US DOLLAR BREAKOUT ABOVE 200 SMA
  
• ES TRIANGLE PATTERN