May 8, 2019: Dow Jones with Its Triple TopsDow Jones touched its high on April 23, 2019 but it couldn't pass through it. And it tried to break through the resistance area but failed again for the second time on May 1, 2019. Probably its's a sign that it's time for the index to move down to its major support area at around 23,570 within six to ten weeks from now if it goes below 25,780.
There is also a probability that the price would reach the resistance area again for the third time or even break through it and make a new all time high if the trade talk between the US and China on this Thursday and Friday produce a good result.
What's your analysis? Do you think the bear has come? Or it's going to record a new high?
