Double Top within a Rnage
Clearly a range is being seen in the indices markets with no defined resolution on direction which has caused this ranging pattern to form. On top of that, a double top has formed and rejected the resistance line so expect shorts to be in play with targets towards the current weekly pivot and potentially beyond. Stops above the high of the double top!
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.