Apple Inc Triangle pattern

• There is a triangle formation in apples daily chart.
• Break of the triangle in line chart should be confirmed by a daily close below the support line.
• The stock is trading below its 50 DMA. 

Dow Jones 15 minutes chart In a channel

 15 MINUTES CHART

DAILY CHART

• Dow Jones 15 minutes chart is trading in a channel.
• The channel may give an early indication to which side the daily chart is going to go
• Price in daily chart is holding on to 50 DMA.

Dow Jones Futures Support levels

• Dow Jones Futures 4 hour chart with important support levels.
• Right now its trading between 10225-10366 levels. 
• An up move from here may hit resistance near 10366 levels.

Triangle of Nifty futures

UPDATED CHART

• When this triangle formed i was expecting a 50 point move towards the break out side.
• So from 5425 this should touch 5475 but a partial booking of profits to secure profits is suggested.

• Triangle breaks out on the upside.
• The up move will gather momentum above 5440. An hourly close above 5440 will give confidence for the bulls.
• If gets resisted at 5440 price will come back to the break out point.
• TRIANGLE WAS MENTIONED YESTERDAY CLICK HERE TO SEE IT
  

Nifty daily chart analysis

• Nifty managed to come back above the 5 day low ema and closed above it.
• But nifty for the second day has closed below 20 DAY SMA. And the more it trades below its daily 20 SMA the more bearish it gets. 
• The stochastic indicator has been showing negative divergence for quite sometime without any major correction. So If the price falls below 5350 the negative divergence will take effect.
• Nifty futures is showing a triangle in  its 5 minutes chart.

Dow Jones pauses at 50 DMA

• Dow Jones is taking a pause at the 50 DMA.
• But the support may only last till the next wave of selling that may come today.
• From 10700 to 10300 support levels are broken in a hurry so a reversal may not come now. 
• If 50 DMA breaks 10000 will be seen.

Dow Jones Futures in a triangle pattern

• Dow Jones futures 30 minutes chart in a triangle.
• Break out can give close to 100 points towards the break out side.
• False breakouts are also possible. Triangles are known to do that. But dow is 400 points down from 10700 so an upper break out can be traded for a small bounce.