DOWI. A GENUINE DOUBLE TOP ?
Well, we can hardly make such a genuine double top. It is rare to see such a precision.
Of course, we do not know yet if it is a genuine douple top or not. A lot of signals show that it may be very much, but we need to see the next candle.
On the other hand, macro economic news are not of a kind to fluel the market.
If THIS CHART is a confirmed DOUBLE TOP, the neck line is at 16333, and after a little pull back of the trend, the index may very much go until 15800 at least baring in mind that this is a very important support and resistance level
Of course, we do not know yet if it is a genuine douple top or not. A lot of signals show that it may be very much, but we need to see the next candle.
On the other hand, macro economic news are not of a kind to fluel the market.
If THIS CHART is a confirmed DOUBLE TOP, the neck line is at 16333, and after a little pull back of the trend, the index may very much go until 15800 at least baring in mind that this is a very important support and resistance level
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.