Dow Transport
This chart is totally different than the Dowjones Industrial Avg. and S&P . but according to this chart 5 wave or C wave has been completed and trying to make in ABC wave pattern. where A wave may be completed near this levels of strong resistance point then may fall below of previous low near strong support point in 3 wave. then rise.
Nifty 1hr. chart
Positive divergence in MACD indicates bullish as well as in EW theory also. at this time i am just thinking nifty may fall from 5000 levels to 4950 levels then upward till 5150-5170 levels in 5 wave. which may be end of the total rising pattern from lower levels.
