Dow jones 5 minutes chart in a triangle

UPDATED CHART

• This triangle Break out can give at least 100 points 
• But remember triangles are known for their false break outs.
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DOW JONES Pennant formation

UPDATED CHART

• Dow jones pennant formation in 5 minutes chart
• Upside break out can take it pass 9900. Stop loss 9840

SP 500 Pattern that will decide the direction

• SP 500 broke down from a rising wedge
• now it seems it is about to form a falling wedge.
• A break on either side from this pattern will give direction for the next 100 points.
• CLICK HERE TO SEE DESCENDING TRIANGLE IN DOW JONES
  

Dow Jones 2 hours chart in a triangle

• Dow jones Trading in a descending triangle pattern.
• Break out on either side with volume can push the index more than 100 points in the direction of the break out.

NASDAQ 100 Head and shoulder update

• NASDAQ 100 Broke down from a head and shoulders pattern yesterday
• It tried to go above the neck line But did not manage to sustain.
• Now trading below 1785 will target 1750 and 1700.
• CLICK HERE TO SEE THE HEAD AND SHOULDERS CALL YESTERDAY
  

DOW JONES positive divergence in hourly chart

• Dow jones is showing positive divergence in hourly chart.
• So a dead cat bounce can be expected.

DOW JONES analysis before opening bell

• Dow jones broke the weekly trend line at 10690.
• And now there is a horizontal line drawn in the chart the value is around 9770 Below 9770 the targets are 9600 and 9500.
• If the horizontal line gives support a rally is possible in dow jones

NIFTY 5 minutes chart with trend line

UPDATED CHART AT 2:20 PM

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• Take a short trade if the trend line breaks and price falls below the horizontal line.

NIFTY Hour chart showing next support

CHART UPDATED AT 3:10

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• Nifty hour has broken a channel formation.
• Next target is 4962.
• It has to close above 5031 or come down to 4962

NIFTY Hour chart showing next support

• Nifty hour has broken a channel formation.
• Next target is 4962.
• It has to close above 5031 or come down to 4962

Nifty Hour chart resistance zone

• Nifty has resistance at 5080-5100 
• This area is the break down area for the rising wedge break down.

Nifty daily chart analysis before opening bell

BULLISH VIEW

BEARISH VIEW

FIBONACCI LEVELS

• DOW JONES Closing price is the lowest close for this year
• The inverted head and shoulders pattern in nifty might save the bulls.
• But in the bearish view we have a break down from a rising wedge targeting at least 4800.
• crucial fibonacci levels are 5020 and 4930 that is the 38.2% retracement and 23.6% retracement which may give support

Dow jones analysis after closing bell

• Dow jones has created a new low for this year.
• There was a bearish flag pattern in Hourly chart. And it broke and closed near the low part of the day.
• 9850 is broken we may head lower at around 9700

NASDAQ 100 Head and shoulders Break down

• NASDAQ 100 index is showing a break down from a head and shoulders pattern.
• Staying below 1800 the index may target 1750 at least