U.S Dollar currency Index tested our target level 111. I was predicted this on 13 may 2022 post.
It is working in parallels channel and currently trading at upper line resistance. it may correct soon.
Negative Divergence also seen on daily and weekly chart.
Dow jones:- As per chart it is trading in down trend. Now reach to upper most potential resistance Zone 32400-32800. yesterday a inverted hammer candle come which is sign of rejection or reversal.
It may be correct quickly 1000-1500 in 2-3 days and also more pain come on chart soon. Nifty and B-nifty also feel pressure from global cues.
NIFTY form H&S pattern on weekly chart. It's neck line is placed at near 17520.
On daily Chart negative Divergence also seen.
if nifty close below 17520 on weekly basis. it will show more correction up to 500-1000 points after that.
Nifty index, if recession come in market it may correct up to 14400, chart is self explanatory.
India market is strong and in positive movement but US market will lead to down.
It is only estimation as per market rumor's.