S&P 500 Futures triangle update

• ES one hour chart shows price near 200 Hour SMA. Close below this line can extend weakness which started late last week.
• 4 Hour chart shows price near the apex of a Triangle pattern. Strength above 2376. Weakness below 2368

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NIFTY Chart update

• With today's up move the bearish engulfing formed during last week has become weak.
• Price is currently in a range between 8860 and 8992. Since price is in a range there is equal opportunity for bulls and bears, But price is ranging in an up trend. so this could be another trend continuation pattern.