Dow Jones Triangle Breakout

CHART-II

• Bearish candle mentioned below has worked for the bears.
• Now a retest of the triangle resistance line is going on. This may be followed by another up move unless price enters the triangle to create a busted pattern.

CHART-I

• Dow Jones hour chart gave a breakout from the triangle pattern.
• Now the index should trade above 11215. There is good resistance in hour chart from 11215 - 11250.
• Last hour candle is a bearish one we may see some intraday weakness here.
• If price goes above 11215 it will favour the bulls again.